Student Loan Payments See Unsecured Lending Levels Soar

Category: loan payment

Unsecured lending jumped suddenly during February 2008 by £2.4 billion it was revealed by the Bank of England, which is claimed to be as a result of a rise in students seeking loans to cover tuition fees and maintenance costs. This is the claim by the Financial Times who said that student loans totalling £800 million has been partly responsible for the increase in unsecured loans.    The Student Loans Company (SLC) is now paying directly to universities for first year students and second year students to . More »