Students: Loans
Business, Innovation and Skills
Written answers and statements, 29 October 2009
Matthew Taylor (Truro & St Austell, Liberal Democrat)
To ask the Minister of State, Department for Business, Innovation and Skills what estimate his Department has made of the average time it will take for an individual to repay in full a student loan taken out (a) before and (b) after 2006.
David Lammy (Minister of State (Higher Education and Intellectual Property), Department for Business, Innovation and Skills; Tottenham, Labour)
We estimate that students who entered higher education since 1998, who took out Income Contingent Repayment student loans, and who fully repay, will take an average of around 13 years to do so.