June 25, 2025
Financial Assets

The student loans fraud scandal


Millions of pounds are being fraudulently claimed from Britain’s university student loan system by fake students who have no intention of studying at an academic institution, according to an investigation by The Sunday Times.

Education Secretary Bridget Phillipson has announced that the Public Sector Fraud Authority will be investigating the suspected exploitation of the system. Writing for the newspaper, Phillipson said the allegations point to “one of the biggest financial scandals in the history of our universities sector”.



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