Scots debt collectors reclaim more than Â£5m of student loans

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009159-scots-debt-collectors-reclaim-more-than-a/

Maybe it?s the kilts. According to a story running in the Scotsman, more than Â£5 million (US$9.2M) in unpaid student loans has been retrieved by debt-collection agencies in Scotland in the past five years ? with Â£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.