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Students: Loans

Volume 495: debated on Monday 6 July 2009

To ask the Minister of State, Department for Business, Innovation and Skills how many people with (a) maintenance loans, (b) tuition fee loans and (c) both maintenance and tuition fee loans have outstanding debts to the Student Loans Company. (282842)

The information requested is as follows.

Borrowers by loan type, including loans not yet due for repayment, March 2009

Income contingent loan type

Number of borrowers (number)1

Income contingent maintenance loans only

1,680,800

Tuition fee loans only

75,000

Both maintenance and fee loans

887,300

1 Figures cover English domiciled borrowers who studied or are studying in the UK and EU students studied/studying in England. EU students are not eligible for maintenance loans. Figures rounded to nearest 100.

Source:

Student Loans Company

In addition 298,200 borrowers have the older mortgage-style maintenance loans. Some of these may also have income-contingent loans from a second period of study and would therefore be included in the table above.

To ask the Minister of State, Department for Business, Innovation and Skills how much interest was accrued on outstanding debts to the Student Loans Company in (a) 2007-08 and (b) 2008-09. (282843)

The Statistical First Release ‘Student Loans for Higher Education in England, Financial Year 2008-09 (Provisional)’ shows £585.6 million of interest was added to student loans in 2007-08 and £759.5 million in 2008-09.

This document is available from the Student Loans Company website at:

www.slc.co.uk/pdf/slcsfr022009.pdf

To ask the Minister of State, Department for Business, Innovation and Skills what estimate he has made of the amount the Student Loans Company will lend in (a) tuition fee loans and (b) maintenance loans to (i) domestic and (ii) overseas students in the 2008-09 academic year. (282853)

Early provisional 2008-09 figures and complete figures for amounts lent in academic year 2007-08 are available in the Statistical First Release Student Support for Higher Education in England, Academic Year 2008-09 (Provisional). This is published on the Student Loans Company website at:

www.slc.co.uk/pdf/slcsfr022009.pdf

An update to this annual publication, containing complete 2008-09 information, will be published on a pre-announced date, towards the end of the year.

To ask the Minister of State, Department for Business, Innovation and Skills how many people borrowed money from the Student Loans Company for (a) maintenance only, (b) tuition only and (c) maintenance and tuition in the latest academic year for which figures are available. (282965)

The information requested is as follows.

Numbers of students who took out student loans by type in academic year 2007-08

Loan type

Borrowers (number)1

Both fee loan and maintenance loan

514,600

Maintenance loan only

237,000

Fee loan only

52,100

1 English domiciled borrowers studying in the UK and EU borrowers studying in England.

Source:

Student Loan Company