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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.
The Education and Skills Funding Agency (ESFA) is an executive agency of the government of the United Kingdom, sponsored by the Department for Education.. The ESFA was formed on 1 April 2017 following the merger of the Education Funding Agency (EFA) and the Skills Funding Agency (SFA). [1]
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 ...
41. Any short-term savings to the public purse by denying these students finance, by way of loans, not grants, are just that, as most of them will eventually qualify for loans, and in the meantime the benefit their enhanced qualifications will bring to the exchequer and the economy have been lost.
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Under the Act, universities in England could begin to charge variable fees of up to £3,000 a year for students enrolling on courses from the academic year of 2006–07 or later. The passing of the aforementioned act caused political controversy due to the influence of Scottish Labour MPs on the vote, which passed with a majority of just five ...