Exclusive: 1 in 10 student loans are wrongly assessed

The Student Loans Company has admitted that 1 in 10 students who applied for means-tested loans this year were assessed inaccurately.

All full-time British students are eligible to receive some financial help, but the total amount depends on a student’s household income. Figures from 2010/11, released under the Freedom of Information Act, reveal an assessment accuracy of just 90.4%.

The Student Loans Company said that it “accepts that improvements have to be made in certain areas, including accuracy of assessments.” It added: “we are confident that improved results will be seen for the next academic year”.

During the last financial year, the company also had 5,810 complaints registered against them.

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