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The SLC is responsible for Student Finance England and Student Finance Wales, and is a delivery partner of Student Finance NI and the Student Awards Agency for Scotland. Most undergraduate university students resident in the United Kingdom are eligible for student loans, and some students on teacher training courses may also apply for loans.
The Student Loans Company (SLC) is an executive non-departmental public body company in the United Kingdom that provides student loans. It is owned by the UK Government's Department for Education (85%), the Scottish Government (5%), the Welsh Government (5%) and the Northern Ireland Executive (5%). [2] The SLC is funded entirely by the UK taxpayer.
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The regulator was established by the Higher Education and Research Act 2017, coming into existence on 1 January 2018. [2] It merged the Higher Education Funding Council for England and the Office for Fair Access, and formally inherited their responsibilities, while 'working in the interests of students and prospective students' [3] and having 'a wider remit ... taking charge of the granting of ...
The Browne Review or Independent Review of Higher Education Funding and Student Finance [1] was a review to consider the future direction of higher education funding in England. It was launched on 9 November 2009 and published its findings on 12 October 2010. It was chaired by Lord Browne of Madingley, the former chief executive of BP. [2]
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Labour's education spokesperson Rhona Brankin criticised the Scottish system for failing to address student poverty. [65] Scotland has fewer disadvantaged students than England, Wales or Northern Ireland and disadvantaged students receive around £560 a year less in financial support than their counterparts in England do. [52]
An illustrator from Bath who left school with two O-levels has said he earned his first degree at the age of 69 in a bid to increase his earning potential.