Student loan data shows drop in students withdrawing from loans this academic year
Fewer students have cancelled their student loans in the first half of this academic year than in 2019-20, despite fears that the dropout rate would increase because of Covid-related teaching disruption.
Data released by the Student Loans Company on 11 March showed there was a 14 per cent decrease in the number of students withdrawing from their student loans between 1 August 2020 and 21 February this year, from 16,752 in 2019-20 to 14,421. The fall in early withdrawals follows a 6 per cent increase between 2018-19, when withdrawals numbered 15,806, and 2019-20.
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