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The SLC is responsible for Student Finance England and Student Finance Wales, and is a delivery partner of Student Finance NI and the Student Awards Agency for Scotland. Most undergraduate university students resident in the United Kingdom are eligible for student loans, and some students on teacher training courses may also apply for loans.
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Students who started university before 1998 pay interest set at the RPI rate. As a consequence of the 2012 change, students who graduated in 2017 pay between 3.1% and 6.1% interest, despite the Bank of England base rate being 0.25%. [70] In 2018, interest fees rose again, this time to 6.3% for anyone who started studying after 2012. [71]
The Student Loans Company (SLC) is an executive non-departmental public body company in the United Kingdom that provides student loans. It is owned by the UK Government's Department for Education (85%), the Scottish Government (5%), the Welsh Government (5%) and the Northern Ireland Executive (5%). [2] The SLC is funded entirely by the UK taxpayer.
The Department of Finance (DoF, Irish: An Roinn Airgeadais, [4] Ulster-Scots: Männystrie o Siller [5]) is a devolved Northern Ireland government department in the Northern Ireland Executive. The minister with overall responsibility for the department is the Minister for Finance.
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Under the Biden plan, up to $10,000 in federal student debt relief may be offered to borrowers whose income in 2020 or 2021 was less than $125,000 (or $250,000 for households).
two universities – Queen's University Belfast and Ulster University – with 53,000 students; two teacher training colleges – Stranmillis University College and St Mary's University College, Belfast – with 2,200 students; the College of Agriculture, Food and Rural Enterprise with 1,700 students on three campuses; and