Students: Loans
(asked on 14th January 2022) - View Source
Question to the Department for Education:
To ask the Secretary of State for Education, pursuant to the Answer of 7 January 2022 to Question 93857 on Students: Loans, what the financial value is of the 136 cases of full or partial loss to fraud relating to Student Finance England loans.
This question was answered on 21st January 2022
The financial value of the 136 cases of full or partial loss to fraud relating to Student Finance England loans in the 2020-21 financial year is £963,806. The percentage of the 136 loans given out fraudulently out of the total number of loans provided by Student Finance England in the 2020-21 financial year is around 0.01%.