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UK universities complain the delay in thousands of student loans and grants approval resulting in raise up in the bill. Student Finance England has conveyed its apologies for the delay and said it was trying to give relief by making interim payments to people and clear the backlog of applicants subsequently.

A Students Loan Company stated that about 132,000 applicants failed to receive the first maintenance payment after they were approved for the loan by 25^th October this year. This total includes 60,000 applications still being processed and also the students who did not qualify to take places.

Secretary of business Mr. Lord Mandelson commented on the situation and said that Loan Company had given the assurance that all the applications will be processed by end of October.

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Tagged as: applicants, bill, company, delay, family, government, information, Loans, payment, student, Student Finance England, students, universities

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