Students: Loans

Business, Innovation and Skills written question – answered on 20th March 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 recent estimate he has made of the RAB charge on student loans.

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

This Department has been reviewing our modelling of the RAB charge on student loans. We currently estimate the RAB charge on student loans to be around 45%, which reflects our current estimate of the costs to Government of the higher education subsidy to students. By its nature an estimate is subject to change as it is highly dependent on macroeconomic circumstances, and the growth of graduate earnings over the next 30 years.

We will continue to review our estimates in line with the latest data and advice from experts and stakeholders.

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