Loans: Students

Mr. Willetts
To ask the Chancellor of the Exchequer what steps he plans to take to ensure that the best possible price is achieved from the planned sale of tranches of the student loan book.

Bill Rammell
[holding answer 20 April 2007]: I have been asked to reply.

We are at the early stages of implementing the Budget announcement to sell income-contingent student loans. Further details about the sale will be announced in due course. We are confident that the Government will obtain good value for money, as they are obliged to do by rules of Government accounting.