Organised crime may be profiting from student loan fraud worth £60m – report

The National Audit Office (NAO) has revealed concerns about organized crime exploiting lax oversight in England's unregulated colleges, potentially profiting from student loan fraud amounting to £60 million. The report highlights instances of fraud and abuse at private higher education providers offering courses in collaboration with mainstream universities. Some providers allegedly enroll students with little interest in completing courses to access government-backed maintenance loans, leading to substantial financial gains through tuition fees and franchising fees.