The Student Loans Company (SLC) is overcharging almost 80,000 graduates by ten per cent every year – leaving them £580 out-of-pocket each time.
Figures obtained under the Freedom of Information Act by accountancy firm, BakerTilly, show how graduates over-repaid more than £45.4m through their salary deductions in 2013-14.
This is a ten per cent increase on the previous year when the company overcharged borrowers by £41.4m.
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