Many students are still awaiting news on the progress of their loans and maintenance fees for the Company's loan not yet received conformation on loans. The head of the agency responsible for administering student loans today issued apology "without reservation" for the backlog, according to the Student Loans Company has admitted that he had trouble processing all applications before the start of the new legislature.
Ralph Seymour-Jackson, Director General of the League of student loans said failure was due to increased requests late, mainly because of the recession. He revealed that no fewer than 170,000 students are still waiting whether their application has been approved, while he also admitted that many have trouble communicating with the telephone lines of the organization, after they experienced a high call volume.
The Student Loans Company has already had more than one million of loan applications this year, the highest amount since the organization took on the process of local authorities. This marks an increase of 16% of applications, even if the increase of students is only 10%. It has been suggested that this could be down to an increase in people seeking to enter borrowings into recession.
Around 830,000 applications have already been through the planning process, but it was estimated that 170,000 have not yet been completed. In some cases, some may decide to quit and many left as late as last week to apply despite the deadline for applications set for June Seymour-Jackson said: "The problems with the phone lines are real. We pretend not different. Students are struggling to pass and we can not pretend otherwise. For this we apologize unreservedly and ask people to use the site as much as possible. We guarantee that all students who applied before the deadline have been processed. "
He added that there were problems processing data earlier this year, but said that nearly 450,000 applications were completed by the deadline, some 50,000 more than at the same point last year.
"We definitely struggled with phones and processing. The workload is very hard. We tell employees they can not have all the overtime they want. But applications are unprecedented. "
Students are required to provide a letter of conformation to prove they have funds sufficient to be able to register for their first term. Universities have taken the belated fulfillment of a request into consideration and have assured Students caught in the problems they will not be penalized. Most universities look at our best student bank accounts and request an overdraft 0% bank to help see you through until your loan is coming!
About the Author:
UK Price Comparison website Which4U – Compare Credit Cards, Savings Accounts, Fixed Rate Bonds, Bank Accounts, ISAs, Loans, Mortgages, Insurance, TV & Broadband and Gas/Electric bills to find the best UK deals
Article Source: ArticlesBase.com – Back-log in student loan applications causes concern
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