SLC — Student Loans Company Bank Charge Explained

SLC on your bank statement may relate to Student Loans Company, which is listed in the Government category. The Student Loans Company administers student finance in the UK. An entry can be a maintenance loan or grant being paid into your account, or it may relate to the Student Finance application process.

What Is the SLC Charge?

SLC may relate to Student Loans Company, which is listed in the Government category.

The Student Loans Company administers student finance in the UK. An entry can be a maintenance loan or grant being paid into your account, or it may relate to the Student Finance application process. Repayments themselves are normally taken automatically through payroll rather than your bank, and the descriptor usually reads SLC or STUDENT LOANS.

SLC is how this charge may appear on your bank or card statement.

How Do I Cancel a SLC Charge?

  1. Identify the charge: Confirm the charge is from Student Loans Company by checking your email for a receipt or logging into your account on their website.
  2. Cancel a recurring payment: If this is a recurring payment you no longer want, log in to your Student Loans Company account and cancel it in your account settings before the next billing date.
  3. Contact the merchant: If you recognise the merchant but have a question about the charge, contact Student Loans Company directly using the details on this page.
  4. Contact your bank: If the merchant does not resolve the issue, contact your bank or card issuer using the number on the back of your card. They can explain what options may be available and what information they need.

What Other Names Does Student Loans Company Use on Bank Statements?

Student Loans Company may also appear on your statement as:

Frequently Asked Questions About SLC

What is SLC on my bank statement?

SLC is a bank statement transaction code that may relate to Student Loans Company, which is listed in the Government category. The Student Loans Company administers student finance in the UK. An entry can be a maintenance loan or grant being paid into your account, or it may relate to the Student Finance application process. Repayments themselves are normally taken automatically through payroll rather than your bank, and the descriptor usually reads SLC or STUDENT LOANS. This descriptor appears because banks display a shortened payment code instead of the full company name.

Why is SLC on my bank statement?

SLC is how this charge may appear on your bank or card statement.

How do I cancel SLC?

If this is a recurring payment you no longer want, log in to your Student Loans Company account and cancel it in your account settings before the next billing date. If you recognise the merchant but have a question about the charge, contact Student Loans Company directly using the details on this page. If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.

Related charges

For more information about Student Loans Company and all its known transaction codes, visit the Student Loans Company merchant page.