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521932

registered interest
date	26/05/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of the average effect on graduates (a) student loan repayments and (b) student loan balance of the changes to the loan repayment threshold announced in the 2015 Autumn Statement.
tabling member constituency	Gedling
tabling member printed	Vernon Coaker
uin	38722
answer	answer is ministerial correction date of answer 06/06/2016 answer text <p>The Department published an Equality Analysis in November 2015. Examples showing the impact for different levels of income can be found in Table 4, page 35 of this document:</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/479559/bis-15-635-freezing-student-loan-repayment-threshold-equality-analysis.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/479559/bis-15-635-freezing-student-loan-repayment-threshold-equality-analysis.pdf</a></p><p> </p><p> </p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 06/06/2016 10:45:43 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	360 label Biography information for Lord Coaker

521935

registered interest
date	26/05/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what progress his Department has made on plans to sell off student loans; and what recent estimate he has made of the amount of revenue expected to be raised by that sell off.
tabling member constituency	Gedling
tabling member printed	Vernon Coaker
uin	38764
answer	answer is ministerial correction date of answer 06/06/2016 answer text <p>As stated in the March 2016 Budget, the Government is continuing to prepare for the sale of the pre-2012 income contingent repayment (ICR) student loan book, with a first sale expected in 2016-17.</p><p> </p><p>The March 2016 Office for Budget Responsibility (OBR) Forecast estimated £2.4bn of sale proceeds in 2016-17 - this is an average based on Government’s central estimate of £12bn proceeds from a series of sales over a 5-year period up until 2020-21.</p><p> </p><p>A sale would not impact borrowers. Government would still finance student loans and continue to collect repayments through Her Majesty’s Revenue and Customs (HMRC) and the Student Loans Company (SLC). Purchasers would have no direct relationship with borrowers, and would have no power to amend the terms of repayment.</p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 06/06/2016 10:50:04 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	360 label Biography information for Lord Coaker

521938

registered interest
date	26/05/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what interest has accrued on student loans taken out in each year since 2006.
tabling member constituency	Gedling
tabling member printed	Vernon Coaker
uin	38908
answer	answer is ministerial correction date of answer 06/06/2016 answer text <p>The Student Loans Company (SLC) administers student loans for each of the UK Government Administrations. Information on the interest added to Income Contingent Repayment (ICR) loans in England is available by financial year in Table 1 of SLC’s Statistical First Release (SFR) ‘Student Loans in England’.</p><p> </p><p>The most recent version of the publication, covering the financial years 2012-13 to 2014-15 is available here:</p><p><a href="http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/england.aspx" target="_blank">http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/england.aspx</a>.</p><p> </p><p>Earlier editions are available here:</p><p><a href="http://www.slc.co.uk/official-statistics/full-catalogue-of-official-statistics/student-loans-debt-and-repayment.aspx" target="_blank">http://www.slc.co.uk/official-statistics/full-catalogue-of-official-statistics/student-loans-debt-and-repayment.aspx</a></p><p> </p><p>Information for individual entry cohorts could only be provided at disproportionate cost.</p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 06/06/2016 10:52:06 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	360 label Biography information for Lord Coaker

521951

registered interest
date	26/05/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what steps his Department has taken to inform students with existing student loans of the (a) changes announced to the loan repayment threshold in the 2015 Autumn Statement and (b) effect of those changes on their student loan balance and repayments.
tabling member constituency	Gedling
tabling member printed	Vernon Coaker
uin	38699
answer	answer is ministerial correction date of answer 06/06/2016 answer text <p>The Government announced the decision to freeze the repayment threshold as part of the Spending Review and Autumn Statement on 25th November 2015. The Government response to the consultation and the equality analysis can be found at:</p><p><a href="https://www.gov.uk/government/consultations/freezing-the-student-loan-repayment-threshold" target="_blank">https://www.gov.uk/government/consultations/freezing-the-student-loan-repayment-threshold</a></p><p> </p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 06/06/2016 11:00:28 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	360 label Biography information for Lord Coaker

521954

registered interest
date	26/05/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of the quality of information provided to potential students before they apply for a student loan; and if he will make a statement.
tabling member constituency	Gedling
tabling member printed	Vernon Coaker
uin	38907
answer	answer is ministerial correction date of answer 06/06/2016 answer text <p>The Student Loans Company provides guidance material to help prospective students understand what financial support they may be eligible for, the interest rates and repayment terms. Information is available on the SLC website and through a range of other sources. All students taking out a loan must sign a declaration confirming they have read and understood the terms and conditions of the loan, before their loan is paid. The student’s guide to their terms and conditions clearly sets out, amongst other things, (a) the interest rates that the student will be charged, (b) when they will start repaying and (c) when interest starts accruing.</p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 06/06/2016 16:17:33 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	360 label Biography information for Lord Coaker

518145

registered interest
date	09/05/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, from which academic year the Government plans that a Sharia-compliant student loan will be available for Muslim students.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	36933
answer	answer is ministerial correction date of answer 12/05/2016 answer text <p><strong> </strong></p><p><strong> </strong></p><p> </p><p>The November 2015 Higher Education Green Paper <em>(Teaching Excellence, Social Mobility and Student Choice)</em> confirms the Government’s intention to introduce, for the first time, a new system of alternative student finance. Subject to Parliament, the Government plans to introduce the system through new primary legislation.</p><p> </p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 12/05/2016 09:58:47 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	465 label Biography information for Gordon Marsden

518148

registered interest
date	09/05/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, whether the Government plans to introduce a Sharia-compliant Takaful alternative finance product for students unable to access 24+ Advanced Learning Loans as well as for students undertaking higher education courses.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	36934
answer	answer is ministerial correction date of answer 12/05/2016 answer text <p><strong> </strong></p><p> </p><p>The November 2015 Higher Education Green Paper <em>(Teaching Excellence, Social Mobility and Student Choice)</em> confirms the Government’s intention to introduce, for the first time, a new system of alternative student finance. Work on the new system is ongoing, and includes careful consideration of where and how alternative student finance can deliver the most benefit for students. Subject to Parliament, the Government plans to introduce the system through new primary legislation.</p><p> </p><p> </p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 12/05/2016 09:56:41 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	465 label Biography information for Gordon Marsden

516605

registered interest
date	28/04/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to ensure that nationals of other EU member states who have taken out student loans but do not reside or work in the UK make their loan repayments.
tabling member constituency	Morley and Outwood
tabling member printed	Andrea Jenkyns
uin	36095
answer	answer is ministerial correction date of answer 10/05/2016 answer text <p>The Student Loans Company (SLC) has arrangements in place to collect repayments from borrowers who move away from the UK. SLC establishes a 12 month repayment schedule based on the borrower’s income and provides information on the methods of repayment available.</p><p>SLC sets up fixed repayment schedules for borrowers who do not remain in contact and will place those borrowers in arrears. Further action, including legal action, can then be taken to secure recovery. EC regulations allow the SLC to obtain judgments in UK courts, which can be enforced by courts in other EU countries.</p><p>The Department published a Joint Repayment Strategy in February 2016, which sets out how action will be taken to trace borrowers and act to recover loans where avoidance or evasion is identified. This publication can be found at <a href="https://www.gov.uk/government/publications/student-loan-repayment-strategy" target="_blank">https://www.gov.uk/government/publications/student-loan-repayment-strategy</a></p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 10/05/2016 13:54:27 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4490 label Biography information for Dame Andrea Jenkyns

515725

registered interest
date	26/04/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how many nationals of other EU member states (a) have student loans outstanding to repay, (b) are currently making payments on those loans and (c) have completed their course of study and are not making student loan repayments.
tabling member constituency	Morley and Outwood
tabling member printed	Andrea Jenkyns
uin	35656
answer	answer is ministerial correction date of answer 11/05/2016 answer text <p>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) <em>‘Student Loans in England’.</em></p><p><a href="http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/england.aspx" target="_blank">http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/england.aspx</a></p><p>Information on the repayment statuses of EU domiciled borrowers, who are liable for repayment, can be found in table 3B of the SFR.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 11/05/2016 09:26:51 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4490 label Biography information for Dame Andrea Jenkyns

515726

registered interest
date	26/04/2016
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	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.
tabling member constituency	Morley and Outwood
tabling member printed	Andrea Jenkyns
uin	35657
answer	answer is ministerial correction date of answer 11/05/2016 answer text <p>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) <em>‘Student Loans in England’.</em></p><p><a href="http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/england.aspx" target="_blank">http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/england.aspx</a></p><p>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.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 11/05/2016 09:25:26 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	4490 label Biography information for Dame Andrea Jenkyns