A flaw in the system?

Over the past decade student loans have never ceased to be controversial, but the dust clearly hasn’t settled yet as the Student Loans Company is lagging behind on the registration of student loan repayments. Scores of ex-students fear that due to this delay they will have to overpay on their loans. The Student Loans Company acknowledges the problem and in an attempt to assuage the growing anxiety amongst students, they advise students to keep track of the repayments they have already made in order to avoid paying too much. If students stick to this advice they needn’t worry about overpayments, because the Student Loan Company will reimburse the surplus money at an interest rate equal to that which the student paid on his loan.

http://www.guardian.co.uk/money/2010/sep/27/student-loan-repayments

Jeroen Burgelman