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Students: Loans

Department for Education written question – answered on 27th February 2017.

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Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask the Secretary of State for Education, what estimate her Department has made of the effect of the vote to leave the EU on the value of the student loan book; and whether that estimate affected her decision to sell it.

Photo of Jo Johnson Jo Johnson Minister of State (Department for Education) (Universities and Science) (Joint with the Department for Business, Energy and Industrial Strategy), Minister of State (Department for Business, Energy and Industrial Strategy) (Universities and Science) (Joint with the Department for Education)

The decision to start the sale process for the student loan book (set out in Written Statement HCWS458) was based on a robust and comprehensive assessment of the market which showed that it has a good prospect of achieving value for money.

An in-depth market testing exercise suggested there was strong interest in this type of long-term, inflation-linked asset. Conditions in the equity and debt markets remain strong.

The Government will continue to monitor market conditions carefully to ensure we get a fair price and secure value for money for taxpayers.

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