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1109887

	registered interest
	date	04/04/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Students: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, following Office for National Statistics changes to the recording of student loans in the national accounts, what proportion of student loan payments will be classed as (1) government lending, and (2) government spending.
	tabling member printed	Lord Mendelsohn
	uin	HL15079
	answer	answer is ministerial correction date of answer 15/04/2019 answer text <p>The Office for Budget Responsibility (OBR) published updated estimates of potential fiscal impacts from the new student loans accounting treatment in Annex E of their March 2019 Economic and fiscal outlook.</p><p> </p><p>However, the Office for National Statistics (ONS) has made it clear that there is a lot to decide before their methodology is finalised. The ONS plan to fully implement the new treatment for student loans in the public sector finances in September 2019.</p> answering member printed Lord Bates question first answered 15/04/2019 14:51:23 answering member 1091 label Biography information for Lord Bates
	tabling member	4286 label Biography information for Lord Mendelsohn

1105826

	registered interest
	date	28/03/2019
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Students: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether university income from student tuition fee loans is classed as public or private funds; what legal advice, if any, they have received to this effect; and whether they will publish any such advice.
	tabling member printed	Lord Mendelsohn
	uin	HL14912
	answer	answer is ministerial correction date of answer 05/04/2019 answer text <p>The government pays universities directly in respect of the tuition fee loans which are approved for eligible students each year. Students are then legally obliged to repay any tuition fee loans in accordance with the contract they sign when taking out the loan. The Office for National Statistics classifies the money provided by the government to cover tuition fees as a debt for the purposes of the public finances. The government does not ordinarily disclose its legal advice as that is protected by legal professional privilege.</p><p> </p> answering member printed Viscount Younger of Leckie question first answered 05/04/2019 12:00:21 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	4286 label Biography information for Lord Mendelsohn

926469

	registered interest
	date	18/06/2018
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Students: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government which investors purchased student loans sold by the Government as part of the £1.7 billion sale of Pre-2012 (Plan 1) Income Contingent Student Loans in December 2017.
	tabling member printed	Lord Mendelsohn
	uin	HL8724
	answer	answer is ministerial correction date of answer 27/06/2018 answer text <p>The sale from the pre-2012 (plan 1) English student loan book, which was completed in December 2017, took place by means of a securitisation. This involved transferring the loan pool to a new independent English-domiciled company (“the Issuer”). This company is registered as ‘Income Contingent Student Loans 1 (2002-2006) Plc’. In turn the Issuer has issued to investors securities in the form of notes representing the rights to the remaining future repayments.</p><p> </p><p>The individual names of investors are commercially sensitive and are not publicly available.</p> answering member printed Viscount Younger of Leckie question first answered 27/06/2018 14:58:33 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	4286 label Biography information for Lord Mendelsohn