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Student Loans Company

is the SLC regulated by the FSA (or anybody else)?

Comments

  • saver2006
    saver2006 Posts: 68 Forumite
    check thier website- it should say it there otherwise email or write to them
  • kingmonkey
    kingmonkey Posts: 846 Forumite
    I though it was "regulated" by the government.
  • melancholly
    melancholly Posts: 7,457 Forumite
    1,000 Posts Combo Breaker
    it's not listed on the FSA website, but here is what it says on it's own website (I haven't read the finanical memorandum but that should cover how it's regulated?):

    http://www.slc.co.uk/about%20us/remit.html

    The Student Loans Company is subject to the provisions of The Companies Act 1985 and, in addition, is required to operate within the limits of a financial memorandum between the Company and the Government.
    Agreement for 2006-07 and 2007-08.

    The Student Loans Company, which is wholly owned by the Secretary of State for Education and Skills and Scottish Ministers, is entirely government funded and is non-profit making.
    :happyhear
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