EU Students studying in the UK fail to repay £43m in student loans
Students from the EU studying in Britain fail to repay £43million in tax-payer funded loans and many are now untraceable
The amount owed by defaulting students has doubled in two years
The total handed to EU students has gone up to nearly a billion
Many students move addresses and bank accounts and cannot be traced
European students who have taken out taxpayer-funded loans to study at English universities are a record £43 million in arrears.
The amount owed by the defaulting students has doubled in two years, figures from the Student Loans Company show.
One in eight of EU graduates from English universities who are now living abroad are failing to repay the loans, and experts predict this figure will soar after the Government’s decision to allow unlimited numbers to study in England from this September.
The figures, released last week, also showed that the total amount of money handed to students from mainland Europe has mushroomed to nearly a billion pounds this year, up from £686 million in the previous year.
Source: Daily Mail Online