Students: Finance

Mr. Willetts
To ask the Secretary of State for Education and Skills what percentage of the book value of the tranche of the student loan book to be sold he hopes to achieve in the planned sale that he announced in the Budget Statement 2007.

Bill Rammell
[holding answer 20 April 2007]: 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.