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Students: Loans

Volume 492: debated on Friday 15 May 2009

To ask the Secretary of State for Innovation, Universities and Skills what recent estimate he has made of the number of graduates with outstanding tuition fee loans who are resident overseas; and what recent estimate he has made of the number of such graduates who are repaying those loans. (274358)

Student loans for tuition fees have been available since 2006/07. The following table includes English domiciled students and European students who studied at English higher education institutions. It shows the number of borrowers with outstanding tuition fee loans who were known to be resident overseas as at 31 March 2008.

Repayment status at 31 March 2008

Number of borrowers

Under earnings threshold

1,070

Repaying as scheduled

170

Full repayment in progress

10

PGCE Moratorium On Income Contingent Repayment (ICR) Part of Debt

Fully repaid after entering repayment

Total

1,250

‘—’ denotes negligible.

Note:

Repayment Status “PGCE Moratorium On ICR Part Of Debt” describes those Income Contingent (IC) borrowers who also have a mortgage style loan and have opted to repay this loan account first before commencing repaying their IC loan balance.

Following usual statistical practice, figures have been rounded to the nearest 10. It is not currently possible to disclose information for the period after 31st March 2008. This is because, following National Statistics protocol, the statistics are under embargo until the publication of the Student Loans Statistical First Release due in summer 2009.