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Student Loans

Volume 301: debated on Wednesday 24 September 1997

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To ask the Secretary of State for Education and Employment what will be the total loan available to students whose parents are not required to provide a parental contribution for those undertaking higher education for (a) three years, (b) four years, (c) five years, (d) six years, (e) seven years and (f) eight years; and what is his estimate of how long the loan will take to repay in each case if a graduate earns (i) 50 per cent. average earnings, (ii) 75 per cent. average earnings, (iii) 85 per cent. average earnings, (iv) average earnings, (v) 125 per cent. average earnings, (vi) 150 per cent. average earnings, (vii) twice average earnings and (viii) three times average earnings. [16429]

[holding answer 17 November 1997]: The table following sets out the estimated maximum amount of loan available to students studying outside London and living away from home during their studies, and the estimated number of years it would take to repay these loans. It should be noted, however, that the vast majority of students will be on courses lasting not more than four years. Of those few on courses lasting longer than four years, medical and dental students might also be eligible for income-related bursaries from the Department of Health to help with living costs.