Investigation by fraud experts into alleged misuse of student loan funds has raised concerns about the oversight and ethical management of public funds by the Student Loans Company (SLC). The report highlights that while SLC identified suspicious applications involving fake documents and address duplication, it has been criticized for not taking sufficient measures to prevent broader fraud, thereby potentially compromising public trust and accountability.

The Student Loans Company (SLC) is under scrutiny following revelations of potential fraud in the university loans system. The investigation highlights concerns over delayed responses to fraudulent applications and inadequate safeguards, raising questions about the company's public accountability and ethical business practices.

An investigation has been launched into fraudulent student loan applications and blocked finance payments by the Student Loans Company, raising concerns over the ethical management of public funds and undermining public trust.

A Parliamentary report revealed that in 2022/23, the Student Loans Company experienced significant fraud by franchised providers, with deficiencies in oversight and transparency contributing to systemic abuse. The lack of robust internal controls and clear governance at SLC has raised concerns regarding its ethical responsibility and public accountability.

The Student Loans Company has been highlighted in a National Audit Office report for significant governance and regulatory weaknesses, with 53% of detected fraud linked to franchised higher education providers. While SLC asserts it actively raises concerns with government regulators to safeguard public funds, the underlying structural and oversight issues raise questions about its business practices and economic stewardship.