Millions of student loan holders will no longer pay zero interest from next month as the rate for the new academic year will start at 1.5%, it was announced today.
The Student Loans Company (SLC) has vowed to ensure all university goers who applied for finance on time will have their loans and grants available by the start of the academic year.
Heads are expected to roll at the beleaguered Student Loans Company (SLC) after a damning report today criticised the firm's handling of the student finance system.