Students from Liberal Youth Scotland will show their anger at the Student Loans Company’s incompetence and bonus culture on their doorstep, by holding a flashmob outside their office on Bothwell St, Glasgow, this Friday 4th December.
Commenting, Liberal Youth Scotland President Ruaraidh Dobson said:
“It’s outrageous that the SLC has paid its executives huge bonuses while students struggle to make ends meet.
“Maybe it’s just me, but I thought bonuses should be paid for good work, not the incompetence we’ve seen at the SLC this year.”
Katy Gordon, the Liberal Democrat Parliamentary candidate for Glasgow North, added:
“The SLC’s shocking inability to do its job shouldn’t be rewarded.
“Students are angry about their failures, and they rightly aren’t going to let it go.”
Liberal Democrat Shadow Universities Secretary Steven Williams said;
“It is absolutely outrageous that the Student Loans Company, which has acted so incompetently this year, has been paying out these massive bonuses.
“While students have been left struggling to make ends meet, the company’s top executives have been enjoying five figure bonuses.
“Some of these pay-outs are more than many people earn in a year. Rewarding failure in this way is totally unacceptable.”
The Student Loans Company has made headlines this year by failing to pay out huge amounts in loans and grants on time. This has left students with no money to survive on for months at a time. Freedom of information requests have now shown that they have paid out £2 million in bonuses to the top executives who presided over the disaster. This situation is unacceptable and we call for Ralph Seymour-Jackson, Chief Executive of the SLC and Michael Hipkins, Director of Student Finance strategy for the government to resign over this fiasco.
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