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Graduates: Debts

Volume 463: debated on Monday 3 September 2007

To ask the Secretary of State for Innovation, Universities and Skills what estimate he has made of the average amount of time needed for a university graduate to repay debts incurred during study. (151222)

We estimate that a student who entered higher education in 2006/07 will take an average of 13 years to repay their student loan. This period is counted from the statutory repayment due date, which is the April following the year of graduation.