Neither the Department nor the Student Loans Company (SLC) hold the information requested.
For borrowers covered by the UK tax system, income-contingent loan repayments (deductions) are taken by the employer and passed to HMRC, on a weekly or monthly basis if the borrower's income exceeds the relevant threshold. If a deduction is taken in error when income does not exceed the threshold then the relevant deductions are refunded by the employer. The SLC does not hold information about these deductions.
However, in some cases a borrower's income for the year may be less than the threshold overall, but their earnings above the threshold in one or more pay periods. Such situations only become clear at the end of the financial year and the borrower may claim a refund from the SLC. (Note that such borrowers had deductions taken correctly when they were above the earnings threshold in the relevant pay period.) Available data on such refunds are shown in the following tables.
Calendar year Number of refunds1 2003 50 2004 110 2005 190 2006 310 2007 (to 10 October) 310 1 Number of loans rounded to nearest 10 Source: Student Loans Company
Number of refunds One 730 Two 90 Three 20 Four or more 10 Total 840 1 Refunds up to 10 Oct 2007. Number of borrowers rounded to nearest 10. Source: Student Loans Company
The mean amount of SLC refund was 130.
Borrowers with the older mortgage-style loans can apply for deferment of repayments if their income is below the relevant threshold. The SLC holds income details only for those mortgage-style loans borrowers who apply for a deferment. Some borrowers may wish to continue repayment rather than apply for deferment. Indeed borrowers threshold overall, but their earnings above the threshold in one or more pay periods.
The information is not available.
We envisage that the sale of student loans will be a long-term programme, and in principle loans to non-UK EU citizens could be included in due course . However, tuition fee loans have only been available to non-UK EU citizens since the academic year 2006-07, and the first graduates will not enter repayment until 2010, so we do not expect such loans to be included within the first sales during 2008-09.