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Student loans in the United Kingdom

Index Student loans in the United Kingdom

Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC), a non-departmental public body. [1]

43 relations: Bad debt, Barclays, Contractual term, Danny Alexander, Dearing Report, Education Act 1962, Erudio Student Loans, Exaro, Fiscal year, Government of the United Kingdom, HM Revenue and Customs, HSBC, Income-contingent repayment, Labour Party (UK), Liberal Democrats (UK), Limitation Act 1980, Local education authority, Margaret Hodge, Newsnight, Non-departmental public body, Official bank rate, Pay-as-you-earn tax, Postgraduate Certificate in Education, Postgraduate education, Pound sterling, Prodigy Finance, Public Accounts Committee (United Kingdom), Regional development agency, Ronald Dearing, Baron Dearing, Scottish Government, Student Awards Agency for Scotland, Student Loans Company, Teaching and Higher Education Act 1998, Teaching Excellence Framework, The Guardian, Tony Blair, Tuition fees in the United Kingdom, Undergraduate degree, Undergraduate education, United Kingdom, Universities in the United Kingdom, Welsh Government, World War II.

Bad debt

A bad debt is a monetary amount owed to a creditor that is unlikely to be paid and, or which the creditor is not willing to take action to collect because of various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.

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Barclays

Barclays plc is a British multinational investment bank and financial services company headquartered in London.

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Contractual term

A contractual term is "Any provision forming part of a contract".

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Danny Alexander

Sir Daniel Grian Alexander (born 15 May 1972) is a Scottish former Liberal Democrat politician who was Chief Secretary to the Treasury between 2010 and 2015.

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Dearing Report

The Dearing Report, formally known as the reports of the National Committee of Inquiry into Higher Education, is a series of major reports into the future of Higher Education in the United Kingdom, published in 1997.

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Education Act 1962

The Education Act 1962 gave local education authorities in the United Kingdom a mandate to pay the tuition of students attending full-time first degree (or comparable) courses and to provide them with a maintenance grant.

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Erudio Student Loans

Erudio Student Loans is a consortium formed by debt collectors Arrow Global and private equity firm CarVal Investors in 2013.

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Exaro

Exaro was a British investigative news website based in Covent Garden, London, that operated from 2011 until 2016.

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Fiscal year

A fiscal year (or financial year, or sometimes budget year) is the period used by governments for accounting and budget purposes, which vary between countries.

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Government of the United Kingdom

The Government of the United Kingdom, formally referred to as Her Majesty's Government, is the central government of the United Kingdom of Great Britain and Northern Ireland.

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HM Revenue and Customs

Her Majesty's Revenue and Customs (HM Revenue and Customs or HMRC) is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support and the administration of other regulatory regimes including the national minimum wage.

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HSBC

HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong.

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Income-contingent repayment

Income-Contingent Repayment is an arrangement for the repayment of a loan where the regular (e.g., monthly) amount to be paid by the borrower depends on his or her income.

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Labour Party (UK)

The Labour Party is a centre-left political party in the United Kingdom.

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Liberal Democrats (UK)

The Liberal Democrats (often referred to as Lib Dems) are a liberal British political party, formed in 1988 as a merger of the Liberal Party and the Social Democratic Party (SDP), a splinter group from the Labour Party, which had formed the SDP–Liberal Alliance from 1981.

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Limitation Act 1980

The Limitation Act 1980 (c. 58) is a British Act of Parliament applicable only to England and Wales.

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Local education authority

Local education authorities (LEAs) are the local councils in England and Wales that are responsible for education within their jurisdiction.

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Margaret Hodge

Dame Margaret Eve Hodge, Lady Hodge (née Oppenheimer; born 8 September 1944) is a British Labour Party politician who has served as Member of Parliament for Barking since 1994.

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Newsnight

Newsnight is a weekday BBC Television current affairs programme which specialises in analysis and often robust cross-examination of senior politicians.

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Non-departmental public body

In the United Kingdom, non-departmental public body (NDPB) is a classification applied by the Cabinet Office, Treasury, the Scottish Government and the Northern Ireland Executive to quangos (quasi-autonomous non-governmental organisations).

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Official bank rate

The official bank rate (also called the Bank of England base rate or BOEBR) is the interest rate that the Bank of England charges Banks for secured overnight lending.

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Pay-as-you-earn tax

A pay-as-you-earn tax (PAYE) or pay-as-you-go (in Australia) is a withholding tax on income payments to employees.

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Postgraduate Certificate in Education

The Postgraduate Certificate in Education (PGCE/PGCertEd) is a one- or two-year higher education course in England, Wales and Northern Ireland which provides training in order to allow graduates to become teachers within maintained schools.

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Postgraduate education

Postgraduate education, or graduate education in North America, involves learning and studying for academic or professional degrees, academic or professional certificates, academic or professional diplomas, or other qualifications for which a first or bachelor's degree generally is required, and it is normally considered to be part of higher education.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Prodigy Finance

Prodigy Finance is a fintech platform that enables financing for international postgraduate students who attend a participating business school or postgraduate institution.

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Public Accounts Committee (United Kingdom)

The Committee of Public Accounts is a select committee of the British House of Commons.

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Regional development agency

In the United Kingdom, regional development agencies (RDAs) were nine non-departmental public bodies established for the purpose of development, primarily economic, of England's Government Office regions between 1998 and 2010.

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Ronald Dearing, Baron Dearing

Ronald Ernest Dearing, Baron Dearing, CB (27 July 1930 – 19 February 2009) was a senior civil servant before becoming Chairman and Chief Executive of the Post Office Ltd.

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Scottish Government

The Scottish Government (Riaghaltas na h-Alba; Scots Govrenment) is the executive of the devolved Scottish Parliament.

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Student Awards Agency for Scotland

Student Awards Agency Scotland (SAAS) is an Executive agency of the Scottish Government.

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Student Loans Company

The Student Loans Company (SLC) is a not for profit company in the United Kingdom that provides student loans.

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Teaching and Higher Education Act 1998

The Teaching and Higher Education Act 1998 was enacted by the United Kingdom Parliament on 16 July 1998.

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Teaching Excellence Framework

The Teaching Excellence and Student Outcomes Framework (or TEF) is a government assessment of the quality of undergraduate teaching in universities and other higher education providers in England, which may be used from 2020 to determine whether state-funded providers are permitted to raise tuition fees.

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The Guardian

The Guardian is a British daily newspaper.

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Tony Blair

Anthony Charles Lynton Blair (born 6 May 1953) is a British politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007.

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Tuition fees in the United Kingdom

Tuition fees were first introduced across the entire United Kingdom in September 1998 under the Labour government as a means of funding tuition to undergraduate and postgraduate certificate students at universities, with students being required to pay up to £1,000 a year for tuition.

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Undergraduate degree

An undergraduate degree (also called first degree, bachelor's degree or simply degree) is a colloquial term for an academic degree taken by a person who has completed undergraduate courses.

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Undergraduate education

Undergraduate education is the post-secondary education previous to the postgraduate education.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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Universities in the United Kingdom

Universities in the United Kingdom have generally been instituted by Royal Charter, Papal Bull, Act of Parliament or an instrument of government under the Further and Higher Education Act 1992.

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Welsh Government

The Welsh Government (Llywodraeth Cymru) is the devolved government for Wales.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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Redirects here:

Maintenance grant, Maintenance grants, Student loans in United Kingdom.

References

[1] https://en.wikipedia.org/wiki/Student_loans_in_the_United_Kingdom

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