Students: Loans
(asked on 15th December 2021) - View Source
Question to the Department for Education:
To ask the Secretary of State for Education, what recent estimate he has made the number of fraudulent loans given out by the Student Loans Company.
This question was answered on 7th January 2022
The Student Loans Company (SLC) provide quarterly fraud reporting figures to the department, which are then reported to the Cabinet Office as part of the GOV-13 Counter Fraud Functional Standard. In the 2020/21 financial year SLC identified 136 cases of a full or partial loss to fraud relating to a loan in the same year, paid through Student Finance England.