Student Finance

Education and Skills written question – answered on 12th February 2004.

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Photo of Patsy Calton Patsy Calton Shadow Minister (Health), Spokesperson On Older People

To ask the Secretary of State for Education and Skills how many charges and of what value have been made in error to graduates whose income did not reach a level where repayment was required for failure to make repayments of student loans.

Photo of Alan Johnson Alan Johnson Minister of State (Education and Skills) (Lifelong Learning, Further and Higher Education)

The information is not available in the form requested. Borrowers with the old, mortgage style, loans may be charged administration fees if they fall into default. This can happen if a borrower's income is below the deferment threshold but they neither apply to defer their loan repayments nor make loan repayments.

Different arrangements apply to the income-contingent loans, where repayment is triggered automatically by the Inland Revenue when the borrower's income exceeds the repayment threshold. Borrowers outside the UK who fail to repay these income-contingent loans to the Student Loans Company when they should, may incur financial penalties.

Where charges are made in error, the Student Loans Company will refund them.

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