Students: Loans

Business, Innovation and Skills written question – answered on 29th January 2014.

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Photo of Liam Byrne Liam Byrne Shadow Minister (Business, Innovation and Skills)

To ask the Secretary of State for Business, Innovation and Skills what forecast his Department has made of (a) the amount spent on student loans for students at private colleges in (i) 2013-14 and (ii) 2014-15 and (b) the RAB charge for such loans.

Photo of David Willetts David Willetts Minister of State (Universities and Science)

The estimated cash expenditure by financial year is (i) £400 million in 2013-14 and (ii) £600 million in 2014-15. We do not estimate a specific RAB charge for students at private colleges. Our current estimate of the RAB charge across all full-time undergraduates is around 40%.

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