Foreign Students are Leaving UK without Paying

A student loan company from UK has come up with a shocking fact. IT reveals that almost 70% of European students who have taken loans from British banks while studying in the UK have not only failed to repay but are also leaving the country without informing. The statistics revealed that out of the 2240 students who should have started repayments, 1580 students are missing. It’s really a disturbing fact for loan companies and agencies that act as liaisons between students and loan agency. The Student Loans Company (SLC) is trying its level best to find those who are still missing without making their payments.

And of course most of these students who have not yet paid the necessary amount, are still continuing their studies in universities and would start paying only on completing one year of their graduation or if they pull out from the university.

These issues really add to the grief of students Loan Company. They also call for a help from government in not allowing students to travel overseas who didn’t finish off the payment. And if this is going to grow on then the SLC will restrict their offers to limited number of students or may introduce some stricter methods to collect back loans. And that will eventually bounces back on innocent foreign students who aspires higher studies in UK.