The Student Loans Company (SLC) is a UK public sector organisation established to provide financial services, in terms of loans and grants, to over one million students annually, in colleges and universities across the four education systems of England, Northern Ireland, Scotland and Wales.Our other key responsibility is the administration of the collection of repayments, from over two million customers no longer in higher education.
This website provides easy access to key information about the Company and its operation.
The financial help a new full-time student can get depends on the course, where they live while they are studying, and their individual circumstances.
Customers can find details on how to apply for financial support, maintain their account and repay any loan(s), by accessing their appropriate domicile website.
Types of help for new full-time higher education students include:
Tuition fee loans to cover the full cost of tuition fees
Maintenance loans to cover the cost of living expenses
Grants for living costs to cover the cost of living expenses
Bursaries and scholarships from universities and colleges
Students can also get extra help if they have children or adult dependants, or have a disability or specific learning difficulty.
For the majority of students, a loan will comprise of the tuition fee loan plus a maintenance loan, and this will be paid directly at the start of each academic term. Everyone on an eligible course qualifies for 75% of the maximum loan, regardless of income, and the rest is income-assessed. These loans accrue interest at the rate of inflation, which means that the amount repaid has the same value as the amount borrowed.
The repayment of loans is repaid through the tax system, and only begins after the student has left higher education and is earning over £15,000. This system of collection is known as Income-Contingent Repayment (ICR), because it tapers the repayment obligation according to the gross income of the account holder. It is distinct from the previous mortgage-style scheme in which the monthly repayments were fixed and account holders whose incomes exceeded the deferment threshold, were required to repay the entire instalment each month.
SLC becomes responsible for the administration of financial support after the award authority has completed the income assessment and eligibility elements of the application process.
Our Company provides a broad range of products & services to education funding in the UK.
Customers can find details on how to apply for financial support, maintain their account and repay any loan(s), by accessing their appropriate domicile website.
Types of help for new full-time higher education students include:
Tuition fee loans to cover the full cost of tuition fees
Maintenance loans to cover the cost of living expenses
Grants for living costs to cover the cost of living expenses
Bursaries and scholarships from universities and colleges
Students can also get extra help if they have children or adult dependants, or have a disability or specific learning difficulty.
For the majority of students, a loan will comprise of the tuition fee loan plus a maintenance loan, and this will be paid directly at the start of each academic term. Everyone on an eligible course qualifies for 75% of the maximum loan, regardless of income, and the rest is income-assessed. These loans accrue interest at the rate of inflation, which means that the amount repaid has the same value as the amount borrowed.
The repayment of loans is repaid through the tax system, and only begins after the student has left higher education and is earning over £15,000. This system of collection is known as Income-Contingent Repayment (ICR), because it tapers the repayment obligation according to the gross income of the account holder. It is distinct from the previous mortgage-style scheme in which the monthly repayments were fixed and account holders whose incomes exceeded the deferment threshold, were required to repay the entire instalment each month.
SLC becomes responsible for the administration of financial support after the award authority has completed the income assessment and eligibility elements of the application process.
Our Company provides a broad range of products & services to education funding in the UK.
Source: http://www.slc.co.uk/
1 comment:
Nice information on here, I would like to share with you all my experience trying to get a loan to expand my Clothing Business here in Malaysia. It was really hard on my business going down due to my little short time illness then when I got heal I needed a fund to set it up again for me to begin so I came across Mr Benjamin a loan consultant officer at Le_Meridian Funding Service He asked me of my business project and I told him i already owned One and i just needed loan of 200,000.00 USD he gave me form to fill and I did also he asked me of my Valid ID in few days They did the transfer and my loan was granted. I really want to appreciate there effort also try to get this to anyone looking for business loan or other financial issues to Contact Le_Meridian Funding Service On Email: lfdsloans@lemeridianfds.com / lfdsloans@outlook.com He also available on WhatsApp Contact:+1-9893943740.
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