£5bn student loans unaccounted for

Updated
Student loans sold to debt company
Student loans sold to debt company

More than £5 billion of public money paid out in student loans is unaccounted for because the Government does not have enough information about the recipients, a report by the spending watchdog suggests.

There are around 368,000 students who have borrowed money whom the Business Department (BIS) does not have a current UK employment record for, or other details on earnings, according to a study by the National Audit Office.%VIRTUAL-SkimlinksPromo%

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