Newspaper article The Evening Standard (London, England)

Student Loans Company in Fee Threat Blunder

Newspaper article The Evening Standard (London, England)

Student Loans Company in Fee Threat Blunder

Article excerpt

Byline: Joseph Watts Political Correspondent

THOUSANDS of people who took out student loans may have been incorrectly sent letters threatening them with a [pounds sterling]150 fine.

The letters from the Student Loans Company told borrowers that records showed they were "no longer employed" and that they could be hit with "a penalty" if they failed to provide up to date information. The company has since admitted the blunder but told the Standard it does not know exactly how many of the letters were sent.

Instead the organisation, which handles millions of loans and collected [pounds sterling]1.7 billion last year, blamed the debacle on inaccurate data from HMRC.

A spokesman for the SLC said: "Letters sent to customers as a result of information provided to HMRC by a number of employers were quickly identified as having been sent out in error. Urgent steps are being taken to let affected customers know and this will not have any impact on their accounts. …

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