owing £50000

Nearly 1.8m students owing £50,000 or more

According to Student Loans Company (SLC) records, over 61,000 people have sums of more than £100,000, with another 50 owing more than £200,000 each. The numbers were disclosed following a Freedom of Information (FOI) request for the number of loan holders with higher-than-average debts eligible to begin repayments. The SLC previously stated that the average debt for loan holders in England when they begin making repayments was less than £45,000. According to new government figures, the amount has grown to £48,470.