Students: Loans

Department for Business, Innovation and Skills written question – answered on 11th May 2016.

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Photo of Andrea Jenkyns Andrea Jenkyns Conservative, Morley and Outwood

To ask the Secretary of State for Business, Innovation and Skills, how many nationals of other EU member states have taken out student loans but have made no repayments to date; and if he will estimate the total financial value of such loans.

Photo of Jo Johnson Jo Johnson Minister of State (Universities and Science)

The Student Loans Company (SLC) administers student loans for each of the UK Government Administrations. Statistics covering English loans to EU domiciled borrowers are published annually by SLC in the Statistical First Release (SFR) ‘Student Loans in England’.

http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/england.aspx

Data provided by SLC shows that there were a total of 21,600 EU domiciled borrowers who had not yet made a repayment, of those who are liable to repay, with at least one tax year processed at the end of the financial year 2014-15. The balance remaining on these loans was £154 million.

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