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Students: Loans

Volume 480: debated on Wednesday 8 October 2008

To ask the Secretary of State for Innovation, Universities and Skills what his most recent estimate is of how much revenue will be raised from selling parts of the student loan book as a result of the Sale of Student Loans Act 2008. (224170)

The Sale of Student Loans Act 2008 enables an indefinite programme of sales of income-contingent repayment student loans. For each sale to proceed, it will have to be assessed as yielding good value for money. No estimate has been made of how much revenue will be raised in the long term. Any update to the original estimates of proceeds over the comprehensive spending review period will be set out in the pre-Budget report.