To ask the Secretary of State for Education, what assessment the Government has made of the effect of the proposed sale of the student loans book on those paying off such loans.
The position of all graduates, including all those whose loans are in scope of the proposed sale, would not change as a result of a sale. Graduates are protected by statute.
The proposed sale would not alter the mechanisms and terms of repayment, and sold loans would continue to be serviced by Her Majesty’s Revenue and Customs (HMRC) and the Student Loans Company (SLC) on the same basis as equivalent unsold loans. Investors would have no right to change any of the current loan arrangements or to contact people with student loans directly.