Switch to an accessible version of this website which is easier to read. (requires cookies)

'STUDENT LOANS COMPANY PAID £2M IN BONUSES' - BURT

November 16, 2009 4:17 PM

Solihull's MP, Lorely Burt has condemned nearly £2m in bonuses paid out to senior executives of the Student Loans Company as 'reward for failure' as more than 100,000 students, including many from Solihull, have been left waiting weeks to receive their loans this autumn.

The figures, received following a Freedom of Information request by the Liberal Democrats, show that £1,893,000 was paid in bonuses between 2007 and 2009.

Mrs Burt said:

"It is outrageous that the Student Loans Company, which has acted so incompetently this year, has been paying out these mouth-watering bonuses.

"While students away at university have been struggling to make ends meet, the company's top executives have been rewarded with five figure sums.

"Some of these pay-outs are more than many people earn in a year. Rewarding failure in this way is totally unacceptable."

What would you like to do next?

  • Subscribe for updates

    Read updates from this website in your desktop or online news reader

    • On a news reader website

      •  
      •  
      •  

      In a desktop news reader or a website not listed above

      •  
    • Example monthly digest email
      •  
      •  
      •  

    • If you submit your contact details, Lorely Burt MP, the Liberal Democrats, and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting us.


    • Generate different image

    Join our email list

    • If you submit your contact details, Lorely Burt MP, the Liberal Democrats, and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting us.


    • Generate different image

    Follow the party's activity on...

  • Share this page

    Share this page on another website

    Link to this page

    On websites and printed material:
    lorelyburt.org.uk/en/article/2009/104724/student-loans-company-paid-2m-in-bonuses-burt
    In text messages, Twitter, or reading over the phone:
    lb.lib.dm/a44v8

    Email this page to a friend


    • Generate different image

    Print this page

  • Help out or donate

    Help out in your local area

      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  
      •  

    • If you submit your contact details, Lorely Burt MP, the Liberal Democrats, and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting us.


    • Generate different image

    Join the Liberal Democrats

  • Tell us what you think

    Send us your views

    If you are a resident of the Solihull constituency and are writing to discuss any issue that Parliament or government is responsible for, you must provide your home address as MPs are generally only permitted to act on behalf of constituents.

    If you are not a constituent, you do not need to provide your address, but the matters we can deal with are more limited and you may wish to contact your local MP in the first instance.

    • If you agree, Lorely Burt MP, the Liberal Democrats, and their elected representatives may use the information you provide to contact you about issues you may find of interest. Some of the contacts may be automated. You can opt out of these contacts at any time by contacting us.


    • Generate different image

    Contact us by email, post, or phone