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Students: Loans

Volume 497: debated on Wednesday 14 October 2009

To ask the Minister of State, Department for Business, Innovation and Skills how many people of each age group resident in (a) Hemel Hempstead constituency, (b) Dacorum and (c) Hertfordshire had not repaid their student loans on the latest date for which figures are available. (289415)

Borrowers become liable to repay their loans in the April after they leave their course (the Statutory Repayment Due Date). After that date those with earnings of over £15,000 will repay, usually by deductions from salary. Those liable to repay who have not yet made a repayment will include borrowers whose earnings are below the repayment threshold, have gone on to further study or are doing voluntary work.

Income-contingent loan borrowers, Hertfordshire, March 20091

Age2

Numbers who have not yet made a repayment

Numbers who have made a repayment

Total

Less than 20

20

10

30

20 to 24

2,180

4,790

6,970

25 to 29

1,910

11,780

13,690

30 to 39

530

1,200

1,730

40 to 49

260

480

750

50 and over

100

190

290

Total

5,000

18,450

23,440

1 Table covers income-contingent loan borrowers past SRDD with known repayment status, the local authority in which the borrower was resident at the time of application for student finance; this does not indicate current residence. Figures rounded to the nearest 10.

2 Age at the end of the last tax year for which repayment/non-repayment information has been posted, mainly end of tax year 2007/08.

Source:

Student Loans Company

Reliable information is not available at constituency or district level.

To ask the Minister of State, Department for Business, Innovation and Skills how much has been deducted from the salaries of individuals in each income group resident in (a) Hemel Hempstead constituency, (b) Dacorum and (c) Hertfordshire for student loan repayments in the last 12 months. (289416)

The information requested is as follows:

Student loans PAYE deductions, Hertfordshire, tax year 2007-08 (provisional)1

Earnings in tax year 2007-08

Numbers who have had a deduction from earnings under PAYE

Amount deducted from earnings under PAYE

Average amount deducted

Less than £15,000

3,210

430,000

130

£15,000 to £20,000

3,200

970,000

300

£20,000 to £25,000

3,720

2,470,000

660

£25,000 to £30,000

2,710

2,880,000

1,060

£30,000 to £35,000

1,420

2,060,000

1,450

£35,000 to £40,000

740

1,340,000

1,800

Over £40,000

1,060

3,110,000

2,920

Total

16,070

13,250,000

820

1 Tables cover deductions by PAYE from income-contingent loans. Excludes Self Assessment deductions. Tables cover deductions which HMRC has notified to SLC by 31 March 2009. There will be further deductions notified for tax year 2007-08. The table shows the local authority where the borrower was resident at the time of application for student finance; this does not indicate current residence.

Source:

Student Loans Company

Deductions from salaries are made when the borrowers’ income is above £15,000 per year, £1,250 per month or £288 per week.

Reliable information is not available at constituency or district level.