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Student Loans

Volume 711: debated on Wednesday 3 June 2009

Question

Asked by

To ask Her Majesty's Government what is the monetary value of the student loan book; and what projection they have for its value at the end of 2010. [HL3882]

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.