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Student loans: UK's highest debt revealed to be £231,000 Birmingham

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The highest outstanding student debt in the UK is more than £230,000, data obtained by BBC News reveals.


 


The largest repayment a graduate has made tops £110,000, the figures show, with another loan holder accumulating interest alone of nearly £55,000.


 


The data was released by the Student Loans Company (SLC) following a BBC Freedom of Information (FOI) request.


 


SLC says graduates in England leave university with average debts of £44,940.


 


One student organisation called the figures "truly eye-watering" and the National Union of Students (NUS) suggested they raised questions about the university funding system.


 


However, the most extreme cases were "highly unusual", said Ben Waltmann, an economist at the Institute for Fiscal Studies, adding that the highest debts "won't be representative at all of most graduates' experience".


 


The FOI also asked for the most interest accumulated on a loan, the highest amount of "non-compliance interest" (NCR), and the largest amount repaid in full.


 


It did not ask for details about the individual loan holders' circumstances. However, the person with the highest debt - £231,000 - is known to have studied "multiple courses".


 


The graduate who repaid more than £110,000 received six years of funding and repaid their loan in full.


 


The highest level of interest accumulated was around £54,050, while the largest amount of NCR accrued topped £17,500.


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 Published date:

March 22, 2024

 Region:

Birmingham

 City:

Birmingham

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