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Students: Loans

Volume 458: debated on Monday 19 March 2007

To ask the Chancellor of the Exchequer what the total value was of student loan repayments received by HM Revenue and Customs during the financial years (a) 2003-04 and (b) 2004-05; and how much of this has been passed on to the Student Loan Company. (127873)

Published 2003-04 and 2004-05 student loans cash receipts figures are available in the 2005 and 2006 HM Revenue and Customs Annual Report which can be accessed at

http://www.hmrc.gov.uk/about/reports.htm

HMRC passes on all receipts from student loan collection to the Department for Education and Skills on a quarterly basis.

To ask the Chancellor of the Exchequer in how many cases student loan repayments made to the Inland Revenue during the financial year 2004-05 have not yet been passed on to the Student Loans Company. (127940)

HM Revenue and Customs will only know the total number of borrowers who have had repayments deducted by their employer when they have finished processing all 1.6 million employers' annual returns for the financial year 2004-05.

However, we currently estimate that 1.9 per cent. of 2004-05 student loan repayments have not yet been passed on to the Student Loans Company.