International Student Loan News

16
Nov
BBC Investigation Uncovers Student Loan Malpractice at UK University

The BBC program Panorama recently aired an expose on a fraudulent student loan scandal that shocked the world. In an elaborate scheme, fraudsters calling themselves “education agents” managed to abuse the British government’s student loan system at the Greenwich School of Management and Plymouth University. The Greenwich School of Management (GSM)

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07
Nov
UK Department for Education: Student Loan Sale on the Table Again

The British Minister of State for Universities, Jo Johnson, officially announced the beginning of the sale of an English student loan book. The government first proclaimed the controversial move, part of a pre-approved 4-year program of loan sales, in November 2016. After some delay, the sale is finally moving forward. The transaction features a series of […]

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22
Aug
New Report Finds Irish Parents in Favor of Student Loans

A new poll conducted by Red C for Aviva, an insurance company in the United Kingdom, found that most parents in Ireland would be in favor of a student loan system. The poll found that three out of four Irish parents believed student loans have the potential to be a great idea for the country of Ireland. […]

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24
Jul
Jeremy Corbyn Takes Back Comments on Forgiving All Student Loan Debt in the UK

Jeremy Corbyn, leader of the Labour Party and the Opposition in the United Kingdom, took back previous comments he has made regarding his intention to forgive all historic student loan debt in the country. Speaking on the BBC’s Andrew Marr Show on Sunday, Corbyn said he neither promised nor committed to developing a policy that would […]

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15
Jul
Student Loans Company Suspends Chief Executive Officer Pending Investigation

In a story first reported by The Guardian, the UK-owned Student Loans Company (SLC) has suspended its Chief Executive Officer Steve Lamey, pending an investigation. No reason has been given by the Student Loans Company on behalf of its decision, but the state-owned company did confirm the decision. Additionally, the decision to suspend Lamey was also […]

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10
Jul
UK Considering Raising £21,000 Graduate Salary Cap

According to The Telegraph, the United Kingdom is considering raising the £21,000 graduate salary cap that forces student loan borrowers to begin repayment. Once a graduate begins earning more than £21,000 in the UK, they are responsible for making timely payments on their student loan debt. Politicians are contemplating a raise in the salary cap […]

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30
Jun
Australian Unique International College Found Guilty by Federal Court After Defrauding Student Loan Borrowers

The Australian Unique International College has been found guilty by the Federal Court for engaging in unconscionable conduct, after defrauding students into enrolling in misleading courses costing up to $25,000, according to the Australian Competition & Consumer Commission. The decision was handed down by the Australian Federal Court today, June 30.

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23
Jun
Foreign Students That Studied in the UK Have Left the Country Without Paying Back £1.2 Billion in Student Loans

The Student Loans Company (SLC) admitted that nearly 80,000 former foreign student borrowers have left the United Kingdom (UK) without paying back a total of £1.2 billion in student loan debt, according to a UK news outlet. This problem only adds to a worsening student debt situation in the UK. Many experts project the outstanding student […]

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15
Jun
Northern Ireland Students Owe More Than $3.8 Billion to the Student Loans Company

According to a new report released by the Student Loans Company, students who have studied at Northern Ireland’s universities owe £3 billion in tuition fee loan and maintenance loan debt. That is equivalent to over $3.8 billion when exchanging the sterling pound for the U.S. dollar. The reported amount owed by students in Northern Ireland marks […]

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30
May
Manchester Bomber Used Student Loans to Fund Attack

Salman Abedi, the jihadi that brutally murdered 22 people at a concert in Manchester, England, used student loans and benefits to fund his terror plot, according to The Telegraph. In total, the terrorist received about $18,000 in financial aid that was bankrolled by the taxpayers of England. Following the May 22nd atrocity, questions arose as to how the [&he

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