Outrage As Student Loans Company Paid £2m In Bonuses

The Student Loans Company has paid out nearly £2m in bonuses to staff despite leaving more than 100,000 students waiting weeks to receive their loans this autumn, the Liberal Democrats have revealed. The figures, received following a Freedom of Information request, show that £1,893,000 was paid in bonuses between 2007 and 2009.
Heather Kidd said: ” It is absolutely outrageous that the Student Loans Company, which has performed so incompetently this year, has been paying out these massive bonuses. While students have been left struggling to make ends meet, the company’s top executives have been enjoying five figure bonuses. Some of these pay-outs are more than many people earn in a year. Rewarding failure in this way is totally unacceptable.”