Student loans system 'at risk' of more delays.
England's student loans and grants system is at "substantial" risk of being hit by delays again this year, according to a damning report.
The beleaguered Student Loans Company (SLC) is expected to deal with twice as many applications this year, but there is no proof it can deal with demand, according to the National Audit Office (NAO).
Tens of thousands of students faced delays to their grants and loans payments last autumn after the SLC struggled to keep up.
The NAO's report on the fiasco found less than half of applications (46 per cent) were fully processed by the start of the academic term last year, compared to 63 per cent in 2008.
Applications had been arriving more quickly than the SLC was able to process them, and by September 6 there were 241,000 that were not fully processed.
This year, the SLC will handle applications from students starting university this autumn, as well as continuing to deal with applications from students who started last year. The NAO concludes the service did not provide value for money.
Independent Television News Limited 2010. All rights reserved.
Independent Television News Limited 2009. All rights reserved.
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