Students: Finance
The question
To ask the Secretary of State for Education, whether she plans to raise the maximum reimbursement Student Finance England can provide for incorrect advice above £500.
Answered by Josh MacAlister
Student Finance England is a service provided by the Student Loans Company (SLC).
The SLC is a non-departmental public body and therefore is issued its own delegated authority letter by the department. However, its delegated authority limits cannot exceed those delegated to the department by His Majesty’s Treasury (HMT). For consolatory payments (ex-gratia payments) to individuals, the limit is £500.
HMT are reviewing delegated authority limits for all government departments, as set out in the Office for Value for Money’s document ‘Reforming the spending control and accountability framework’, published on 26 October alongside the Budget. HMT and the department will consider any implications for the SLC’s delegations, in light of any changes which may be made to department’s delegations following this review.
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