Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 247 claims in Economy with evidence either way, 93% held up.
Showing 321-340 of 1595 claims
The Public Sector Fraud Authority is part of the Cabinet Office and Treasury and works with the government and public bodies on reducing fraud.
A spokesperson said: "Where misuse or fraud is found we have powers to claw back payments – and we won't hesitate to use them.
OfS chief executive Susan Lapworth said the "sharp practices" alleged in the Sunday Times investigation were "entirely unacceptable" and "represent shocking misuse of public funding".
The tuition fees are paid directly to a university or education provider, while the maintenance loan is paid directly to a student's bank account in instalments.
"But today's revelations demand that we must go further and faster to protect the public purse.
"I will not tolerate a penny of taxpayers' money being misused,"
Students, including overseas students with settled status, can take out government-subsidised loans to help towards their maintenance costs and to cover the cost of tuition fees.
Students need to repay their loan but not until they earn a certain amount after graduation - with the amounts currently ranging from £24,990 to £31,395 depending on which part of the UK they are based.
The education secretary has asked counter-fraud experts to lead an investigation into reports millions of pounds in student loans are being claimed by people with no intent to study.
It follows a report in the Sunday Times which says it found evidence of some individuals enrolling on degree courses at small colleges just to access loans, with no intention of paying them back.
Writing in the Sunday Times, she said it pointed to "one of the biggest financial scandals in the history of our universities sector".
Their Student Debt Disappeared, but Their Financial Worries Persist.
There’s a Program to Cancel Private Student Debt. Most Don’t Know About It.
Online university UMass Global could be a financial liability for the state.
The federal student loan portfolio isn't an attractive asset.
Student loans represent the second-largest form of U.S. consumer debt at more than $1.7 trillion in total outstanding balances.
Refinancing or consolidating federal loans through a private lender results in the loss of important federal protections.
Earlier this year, Roosevelt Institute Fellow and Research Director Marshall Steinbaum coauthored the Levy Institute report The Macroeconomic Effects of Student Debt Cancellation.
By exploring such examples as the Department of Education’s treatment of massive student loan servicer Navient (formerly known as Sallie Mae) and for-profit university chain Corinthian Colleges, the report shows how powerful industry lobbyists have rigged the student loan system—all under the false pretense of doing what is best for students and taxpayers.
You may be eligible for discharge of your federal student loans based on borrower defense to repayment if you took out the loans to attend a school and the school did something, or failed to do something, related to your loan or to the education services the loan was intended to pay for.
Recently analyzed in Economy
While some price increases stemmed from tariffs on imports, other factors like housing and food costs played a larger role.
June inflation hit its highest level since February, fueled by Trump's tariffs increasing prices on various goods.
Prices are now starting to rise because of tariffs.
The risk is that investors begin to doubt that the United States will pay back its debts and start demanding higher interest rates, stunting borrowing across the economy.
The New York Times
The country is still on track to borrow what economists consider an alarming amount of money in the coming years.
The New York Times