HMRC errors resulted in incorrect calculation of student loan interest charges for 40,000 graduates over several years.

United Kingdom

Who

HMRC, Student Loans Company (SLC), 40,000 graduates

What

When

Fri, 19 Jun 2026 04:39:41 GMT · 4h 42m ago

Where

United Kingdom ·

Why

Incorrect earnings data was used to calculate student loan interest charges.

The Frontline Impact

How this affects you

41,000 Plan 2 graduates may see student loan balances decrease due to overpayments, while 30,000 others were undercharged and may see balances increase.

Story chain

1 event in this thread

No related history yet - this is the origin event.

Verified Sources & Citations

Birmingham Live
https://www.birminghammail.co.uk/news/cost-of-living/hmrc-overcharges-40000-people-after-34148152
HIGH

Credibility ratings reflect the AI ingestion pipeline's assessment of source provenance.