Student Loans Company paid £2m in bonuses

The Student Loans Company (SLC) has paid out nearly £2m in bonuses to staff despite leaving more than 100,000 students waiting weeks to receive their loans this autumn, the Liberal Democrats have revealed.

The figures, received following a Freedom of Information request, show that £1,893,000 was paid in bonuses between 2007 and 2009.

Dr. Charles West, Liberal Democrat Parliamentary Candidate for Shrewsbury and Atcham, said:

It is absolutely outrageous that the Student Loans Company, which has acted so incompetently this year, has been paying out these massive bonuses.

While students have been left struggling to make ends meet, the company’s bosses have been enjoying five figure bonuses. Rewarding failure in this way is totally unacceptable.

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