Data on student loan balances and numbers of EU borrowers as at
This shows that there were 65,400 borrowers with EU Tuition Fee Loans of which 1,300 had fully repaid (Table 2 iii). The balance outstanding (including loans not yet due for repayment) was £349.1 million (Table 1). The majority of these borrowers were still at university or had recently left and were therefore not yet liable to begin repaying. 18,900 borrowers were liable to repay their loans, which had a total balance of £110.3 million.
Information on repayment status as at
At this date, 2,800 or 9% of EU borrowers liable to repay were considered to be in arrears (Table 1 ii/iii). This figure includes a small number of accounts (400 or 1%) where borrowers have defaulted on their loan repayments. However, the majority are borrowers who are known to be overseas, have not provided details of their income, and have therefore been set up with repayment schedules and put into arrears in order that the SLC can commence tracing and legal action where appropriate. This is an essential step in the overseas collection process.