The bosses of the Student Loans Company (SLC) have received £2million in bonuses at the time when as many as 70,000 students are still without receipt of their student loan.
Ten senior figures at SLC received bonuses between £10-£21k. 150,000 of students were left without funding at the beginning of the year.
The ongoing loans crisis has been blamed on the SLC’s poor administration, with many reported cases of lost documents and students receiving contradictory information from helpline staff. One student commented, “It’s terrible, especially for those living out, with unsympathising landlords. Many of us have had to rely on other sources of income for practically the whole term.”
