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45847
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, whether any alternative learning providers have not met the standards he recently announced on (a) quality assurance, (b) financial sustainability and (c) management and governance. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 194323 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-07more like thismore than 2014-04-07
star this property answer text <p>To date, 16 alternative providers that applied to have courses designated under the new specific course designation arrangements have not met the standards required. 3 applications were rejected because of quality assurance; 13 applications were rejected because of concerns over financial sustainability.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property question first answered
less than 2014-04-07T12:00:00.00Zmore like thismore than 2014-04-07T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
45848
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what steps his Department plans to take to monitor whether alternative learning providers are meeting the standards he recently set out on (a) quality assurance, (b) financial sustainability and (c) management and governance; and how he plans to facilitate the meeting of those standards. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 194324 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-07more like thismore than 2014-04-07
star this property answer text <p>Under the new specific course designation arrangements alternative learning providers are required immediately to notify the Higher Education Funding Council for England (HEFCE) of any material changes which may affect their financial sustainability or quality of provision. HEFCE will also run an annual monitoring exercise to collect information about the ongoing financial sustainability, quality of provision, and changes to management and governance arrangements at alternative learning providers.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property question first answered
less than 2014-04-07T12:00:00.00Zmore like thismore than 2014-04-07T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
45852
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, whether recent increases in the estimated RAB rate for student loans go beyond his Department's target impairment for student loans. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 194353 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-07more like thismore than 2014-04-07
star this property answer text <p>This Department does not set a target for impairment of student loans. Our reforms were designed to put higher education on a sustainable footing. Universities are now well-funded and this is driving up the quality of the student experience and helping to stimulate economic growth, while keeping access to higher education free at the point of entry.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property grouped question UIN
194350 more like this
194351 more like this
star this property question first answered
less than 2014-04-07T12:00:00.00Zmore like thismore than 2014-04-07T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
45853
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the effect on his Department's total resource Departmental Expenditure Limits of the revised guidance on revaluation of student loan impairments in each of the next three years. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 194354 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-07more like thismore than 2014-04-07
star this property answer text <p>Student Loan repayments are managed annually under government budgeting rules and any changes, for whatever reason, in forecast repayments, are considered as part of the Parliamentary Supply Process.</p><p>Additional Supply was agreed between this Department and HM Treasury, and approved by Parliament as part of the 2013-14 Supplementary Estimates process.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property question first answered
less than 2014-04-07T12:00:00.00Zmore like thismore than 2014-04-07T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
45867
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, if he will publish regular information on the level of his Department's target impairment for student loans. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 194351 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-07more like thismore than 2014-04-07
star this property answer text <p>This Department does not set a target for impairment of student loans. Our reforms were designed to put higher education on a sustainable footing. Universities are now well-funded and this is driving up the quality of the student experience and helping to stimulate economic growth, while keeping access to higher education free at the point of entry.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property grouped question UIN
194350 more like this
194353 more like this
star this property question first answered
less than 2014-04-07T12:00:00.00Zmore like thismore than 2014-04-07T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
45869
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what his Department's current target impairment for student loans is; how such a level was decided on; when this target was introduced; and what change there has been in this target since its introduction. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 194350 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-07more like thismore than 2014-04-07
star this property answer text <p>This Department does not set a target for impairment of student loans. Our reforms were designed to put higher education on a sustainable footing. Universities are now well-funded and this is driving up the quality of the student experience and helping to stimulate economic growth, while keeping access to higher education free at the point of entry.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property grouped question UIN
194351 more like this
194353 more like this
star this property question first answered
less than 2014-04-07T12:00:00.00Zmore like thismore than 2014-04-07T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
45868
star this property registered interest false more like this
star this property date less than 2014-03-31more like thismore than 2014-03-31
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, at what stage in the sell-off process student loans will be defined as currently subject to a sale for the purposes of revaluing impairments. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 194352 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-08more like thismore than 2014-04-08
star this property answer text <p>Student loans are classified as Loans and Receivables and are carried in the Department's Annual Report and Accounts at amortised cost in accordance with International Accounting Standards (IAS 39). Student loans are reviewed annually at the balance sheet date for any objective evidence of impairment, and the value is adjusted as necessary. This is not impacted by the sale process. In accordance with the standard, the classification of student loans will not change following initial recognition. Any gain or loss on disposal will be reported in the annual accounts following sale completion.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property question first answered
less than 2014-04-08T12:00:00.00Zmore like thismore than 2014-04-08T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
46711
star this property registered interest false more like this
star this property date less than 2014-04-03more like thismore than 2014-04-03
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what his policy is on raising the cap on the amount of student loan accessible by students studying at alternative learning providers. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 195051 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-10more like thismore than 2014-04-10
star this property answer text <p>There currently are no plans to raise the cap on the amount of student loan accessible by students studying at alternative providers. Alternative providers are not subject to the same regulatory conditions as those providers whose students can access fee loans of up to £9000. In particular, the fees that they may charge students are not subject to a cap, nor are these providers required to put in place an Access Agreement.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property question first answered
less than 2014-04-10T12:00:00.00Zmore like thismore than 2014-04-10T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
47136
star this property registered interest false more like this
star this property date less than 2014-04-07more like thismore than 2014-04-07
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, if he will break down by component elements the increase in the RAB charge from 33 per cent to 45 per cent. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 195456 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-28more like thismore than 2014-04-28
star this property answer text <p>The increase in the RAB charge has been due to:</p><p> </p><p>- macroeconomic effects – earnings growth has been lower than expected since the £21,000 threshold was set making it more generous in real terms than was expected at the time it was set; and</p><p>- modelling changes – we have made methodological improvements to our modelling of individual borrower's earnings over time. We have done this through a new approach that takes greater account of an individual's past earnings and of Student Loans Company data on actual loan repayments.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property question first answered
less than 2014-04-28T12:00:00.00Zmore like thismore than 2014-04-28T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this
47137
star this property registered interest false more like this
star this property date less than 2014-04-07more like thismore than 2014-04-07
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 remove filter
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the proportion of student loans issued under the (a) pre-2012 and (b) new funding system that will be fully written off. more like this
star this property tabling member constituency Birmingham, Hodge Hill remove filter
star this property tabling member printed
Mr Liam Byrne more like this
unstar this property uin 195458 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-04-28more like thismore than 2014-04-28
star this property answer text <p>Our model is designed to estimate aggregate repayments across the full range of borrowers. It does not estimate outcomes at the individual level, such as the probability of an individual's loan balance being fully written off.</p><p> </p><p>However, Student Loans Company data for early pre-2012 cohorts show that that around 10% of the cohorts up to 2005 have made no repayments since taking out their loans.</p> more like this
star this property answering member constituency Havant more like this
star this property answering member printed Mr David Willetts remove filter
star this property question first answered
less than 2014-04-28T12:00:00.00Zmore like thismore than 2014-04-28T12:00:00.00Z
star this property answering member
53
star this property label Biography information for Lord Willetts more like this
star this property tabling member
1171
unstar this property label Biography information for Liam Byrne more like this