British Government Sells Us$259 Mil. in Outstanding Student Loans to Group
The British government has sold outstanding loans worth 160 million pounds (US$259 million) from around a quarter of a million students to debt purchaser group Erudio Student Loans Limited.
The Department of Business, Innovation and Skills said on Monday the sale related to the remaining 17 percent of mortgage-style loans taken out by students who began courses between 1990 and 1998.
“The sale of the remaining mortgage style student loan book represents good value for money, helping to reduce public...
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