Student Loans Company

Graduates are likely to see a fall in the amount of interest they pay on their student loans from September.

Erudio Student Loans has admitted over 500 people have mistakenly had money taken from their accounts – not the 50 it formerly said. All those affected have been refunded, but if you've had money taken and haven't had it back, let us know.

58,000 former students with loans from the 1990s are getting refunds or having money wiped from their debts after a Student Loans Company (SLC) paperwork blunder.

MoneySavingExpert.com is urging the Government to urgently clear up confusion after it emerged thousands of people who defer student loans taken out between 1990 and 1998 will now have this information added to their credit files. This is despite ministers promising there would be no real change for borrowers after the loans were sold to debt collector Erudio Student Loans last year.

Nearly £900 million of student loans taken out during the 1990s have been sold off by the Government.

Welsh students who received a maintenance loan over the past two academic years can get up to £1,500 of debt wiped off with just one small payment.

Graduates are likely to see a fall in the interest rate, or maximum interest, they pay on student loans from September.

Hundreds of thousands of graduates who started university before 1998 face a hike in the interest charged on their student loan next month.