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Scots debt collectors reclaim more than £5m of student loans
July 25, 2006
Maybe it’s the kilts. According to a story running in the Scotsman, more than £5 million (US$9.2M) in unpaid student loans has been retrieved by debt-collection agencies in Scotland in the past five years – with £1.26 million (US$2.3M) collected in 2005 alone.
Nicol Stephen, the minister for lifelong learning, said debt-collection agencies were called in when all other attempts to collect money from former students had failed.
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