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U.K.’s Student Loans Vulnerable To Organized Fraud, Say MPs

Posted on AllSides April 24th, 2024
From The Center

The student loans system in the U.K. is vulnerable to organized fraud and abuse, according to a committee of MPs. A lack of government oversight of ‘franchised providers’ — private institutions offering courses on behalf of mainstream universities — mean the system is open to exploitation, with millions of pounds at risk, the cross-party group warns in a new report. And they are calling for greater regulation and more transparency to help prevent fraud and protect students from being exploited. “A back door into the student loan system for organized...

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