This is old news (as in the story came out last month) but I’ve only just found the article.
Apparently around 1600 students enrolled across the UK don’t exist.
Fraudsters enrol then use their fake status to obtain student loans.
One such fraudster borrowed over £65,000 using 17 fake identities!
“The government-owned Student Loans Company will not say how much money it has lost in this single fraud but investigators say the figure could reach £1.2m. ”