HMRC, SLC apologises for a technical glitch that left 71,000 Plan 2 graduates with wrong loan balances. (Credit: Gemini AI) Britain's student loan administration has confirmed that roughly 71,000 graduates were issued incorrect loan balances due to a combination of an income reporting error by the national tax authority and a separate technical glitch. Of those affected, 41,000 saw their balances wrongly inflated. The remaining 30,000 had their balances incorrectly reduced.