In financial year 2007-08, the latest year for which figures are published, the total student loan debt in England was approximately £22 billion (provisional figure).
This is shown in table 1 of the Statistical First Release (SFR) on Student Loans for Higher Education in England, Financial Year 2007-08 (provisional) which can be found in full at the following web address at www.slc.co.uk/pdf/slcsfr022008.pdf. A copy will also be placed in the House Library.
An update of this SFR is scheduled to be published on 25 June on the Student Loans Company website. Provisional figures for financial year 2008-09 will be found at www.slc.co.uk/statistics/national_statistics.html.
The department's current forecast for outstanding loans at the end of financial year 2009-10 is approximately £30 billion.
All figures have been rounded to the closest £ billion.