Education Loans in UK from Student Loans Company

Students Loans Company is a UK public sector organisation established to provide financial services, in terms of loans and grants, to over one million students annually, in colleges and universities across the four education systems of England, Northern Ireland, Scotland and Wales. The Student Loans Company (SLC) is the latest, and largest, public sector organisation to join CIFAS, the UK’s Fraud Prevention Service.

Students Loans Company provides various kinds of loans for the students in United Kingdom. Students will get the following kinds of loans/grants from SLC:

• Tuition fee loans to cover the full cost of tuition fees
• Maintenance loans to cover the cost of living expenses
• Grants for living costs to cover the cost of living expenses
• Bursaries and scholarships from universities and colleges
• Students can also get extra help if they have children or adult dependants, or have a disability or specific learning difficulty.

Interest Rate for the Loans from Students Loans Company

Interest is linked to the rate of inflation and is adjusted each year in line with the Retail Prices Index (RPI). Student Loans Company will apply a 1.5% interest rate from 1 September 2011 across the UK.