Martin Lewis accuses Student Loan Company of misleading graduates
Finance expert says borrowers are being pushed into making needless repayments
The Student Loans Company is giving graduates a “demoralising, damaging and dangerous” picture of their debts, according to the consumer finance champion Martin Lewis, who accused the company of pushing its users into making needless repayments.
Lewis, the founder of Moneysavingexpert.com, said a new version of the SLC’s repayments website exaggerated the status of outstanding loans of former students, and prioritised quick repayment options while failing to make clear that they make “diddly squat” difference to what most people need to repay.
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