Students: Loans

Innovation, Universities and Skills written question – answered on 7th October 2008.

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Photo of Mark Williams Mark Williams Shadow Minister (Innovation, Universities and Skills), Shadow Minister (Wales)

To ask the Secretary of State for Innovation, Universities and Skills what his most recent estimate is of how much revenue will be raised from selling parts of the student loan book as a result of the Sale of Student Loans Act 2008.

Photo of David Lammy David Lammy Minister of State (Department for Innovation, Universities and Skills) (Higher Education & Intellectual Property)

The Sale of Student Loans Act 2008 enables an indefinite programme of sales of income-contingent repayment student loans. For each sale to proceed, it will have to be assessed as yielding good value for money. No estimate has been made of how much revenue will be raised in the long term. Any update to the original estimates of proceeds over the comprehensive spending review period will be set out in the pre-Budget report.

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