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1093506

registered interest
date	22/03/2019
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what discussions he has had with Philip Augar and the Post-18 review panel on Shariah compliant loans.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	235743
answer	answer is ministerial correction date of answer 27/03/2019 answer text <p>The government is committed to introducing an Alternative Student Finance product which complies with Sharia law and we continue to make progress with the review so the government can deliver a post-18 education system that is accessible to all, delivers the skills that the country needs and is value for money for both the taxpayer and students.</p><p> </p> answering member constituency Kingswood answering member printed Chris Skidmore question first answered 27/03/2019 15:57:10 answering member 4021 label Biography information for Chris Skidmore
tabling member	465 label Biography information for Gordon Marsden

993759

registered interest
date	23/10/2018
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what estimate he has made of the amount allocated for advanced learner loans in (a) 2014-15, (b) 2015-16, (c) 2016-17, (d) 2017-18 and (e) 2018-19; and for each of those years what the total amount of funding taken up by learners was.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	182695
answer	answer is ministerial correction date of answer 26/10/2018 answer text <p>The department accounts for Advanced Learner Loans funding as annually managed expenditure, due to their demand-led nature and inherent volatility. The department forecasts annual outlay for Advanced Learner Loans.</p><p>The attached table, in Annex A, sets out the Advanced Learner Loans outlay for 2014/15 to 2017/18, and the forecast outlay for 2018/19. The table relates to loan issuance values only and excludes repayments received.</p><p> </p> answering member constituency Guildford answering member printed Anne Milton question first answered 26/10/2018 13:49:52 answering member 1523 label Biography information for Anne Milton attachment 1 file name Annex A table for PQ 182695.doc title Annex_A_table_for_PQ_182695
tabling member	465 label Biography information for Gordon Marsden

915215

registered interest
date	01/06/2018
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what progress his Department has made on introduction of sharia-compliant student loans.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	148622
answer	answer is ministerial correction date of answer 06/06/2018 answer text <p>I refer the hon. Member for Blackpool South to the answers I gave on 6 March 2018 to questions <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-questions-answers/?page=1&amp;max=20&amp;questiontype=AllQuestions&amp;house=commons%2clords&amp;uin=130660" target="_blank">130660</a> and <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-questions-answers/?page=1&amp;max=20&amp;questiontype=AllQuestions&amp;house=commons%2clords&amp;uin=130663" target="_blank">130663</a>.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 06/06/2018 12:29:24 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	465 label Biography information for Gordon Marsden

892362

registered interest
date	26/04/2018
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, pursuant to the Answer of 26 April 2018 to Question 137156 on Students: Loans, what estimate he has made of the increase in the average level of debt held by students on graduation as a result of the increase in March of the retail prices index to 3.3 percent.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	138391
answer	answer is ministerial correction date of answer 01/05/2018 answer text <p>The increase in student loan interest rates from 1 September 2018 will only affect a minority of borrowers. They will either pay back the full amount, or almost the full amount, of their student loans. The government expects that around 30% to 35% of post-2012 borrowers with higher education loans and 40% to 45% of borrowers with advanced learner loans will repay their student loans in full.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 01/05/2018 16:47:04 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	465 label Biography information for Gordon Marsden

890559

registered interest
date	24/04/2018
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, pursuant to the Answer of 24 April 2018 to Question 136788, on Students: Loans, how many of the 793 Nursing, Midwifery and Allied Health Professions students were overpaid by over £1000.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	137464
answer	answer is ministerial correction date of answer 27/04/2018 answer text <p>The Student Loans Company estimates that around 55 per cent of the 793 Nursing, Midwifery and Allied Health Professions students affected by an administrative error have been overpaid by over £1,000.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 27/04/2018 13:55:46 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	465 label Biography information for Gordon Marsden

890106

registered interest
date	23/04/2018
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what estimate he has made of the additional cost to students in loan fees following the increase in March of the retail prices index.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	137156
answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>The mechanism for setting student loan interest rates is set out in legislation. Interest rates are set annually. They apply from 1 September and are based on the retail prices index (RPI) figure from the previous March. The RPI for March 2018 was 3.3%, compared to 3.1% in March 2017.</p><p> </p><p>The interest rate on post-2012 student loans is set at RPI+3% during study and then varies with earnings. The government increased the repayment and interest thresholds for student loans to £25,000 in April 2018, saving graduates up to £360 per year in repayments and reducing the interest charged for many borrowers. Borrowers with earnings of up to £25,000 are charged an interest rate of RPI, which increases to RPI+3% for borrowers earning above £45,000.</p><p> </p><p>It is not possible to provide a meaningful estimate of the additional amount that a student will need to repay in future as a result of the change in interest rates, as this will depend on the borrower’s loan balance and future earnings. The increase in student loan interest rates from 1 September 2018 will affect only high-earning borrowers who will pay back all, or very nearly all, their student loans. The government expects that around 30% to 35% of post-2012 borrowers with higher education loans and 40% to 45% of borrowers with advanced learner loans will repay their student loans in full.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 26/04/2018 15:13:41 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	465 label Biography information for Gordon Marsden

809671

registered interest
date	19/12/2017
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, with reference to table 1.9 of Autumn Budget 2017, what estimate he has made of level of Resource Accounting and Budgeting required for undergraduate part-time student loans as a result of the rise in tuition fees to £9250 and the proposed changes to the student loan repayment threshold.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	120291
answer	answer is ministerial correction date of answer 09/01/2018 answer text <p>The Resource Accounting and Budgeting (RAB) charge for fee loans for part-time higher education undergraduate students in 2017/18 is estimated to be around 40%, following the decisions to increase the repayment threshold for post-2012 student loans to £25,000 from April 2018 and to freeze tuition fees in the 2018/19 academic year at the same level as in 2017/18.</p><p> </p><p>The government subsidy, represented by the RAB charge, is a conscious investment in young people and the long-term skills capacity of the economy.</p> answering member constituency Guildford answering member printed Anne Milton question first answered 09/01/2018 14:24:55 answering member 1523 label Biography information for Anne Milton previous answer version 33108 answering member constituency Orpington answering member printed Joseph Johnson answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	465 label Biography information for Gordon Marsden

800506

registered interest
date	04/12/2017
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what steps her Department has taken to ensure the planned sale of student loans with a face value of £3.7 billion represents value for money.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	117127
answer	answer is ministerial correction date of answer 07/12/2017 answer text <p>The government only sells assets when it can secure value for money for taxpayers from doing so.</p><p> </p><p>The government is selling a first tranche of the pre-2012 English student loan book through a securitisation, which is designed to appeal to a wide range of investors.</p><p>Throughout the sale process, the government has regularly assessed whether a sale would represent value for money for the taxpayer, using guidance issued by HM Treasury based on the Green Book.</p><p> </p><p>Further information on the sale arrangements will be presented in a report to Parliament pursuant to section 4 of the Sale of Student Loans Act 2008.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 07/12/2017 16:57:20 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	465 label Biography information for Gordon Marsden

800514

registered interest
date	04/12/2017
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Education, what recent assessment she has made of the resale value of the sale of the latest tranch of student loans.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	117135
answer	answer is ministerial correction date of answer 07/12/2017 answer text <p>For a sale to represent value for money, the price offered by the market needs to be higher than what the government considers the loans to be worth.</p><p> </p><p>This value is calculated using HM Treasury’s Green Book discount rate for all investment and asset management decisions.</p><p> </p><p>Disclosing government’s retention value would prejudice future sales by allowing investors to establish the minimum acceptable price.</p><p> </p><p>Further information on the sale arrangements will be presented in a report to Parliament pursuant to section 4 of the Sale of Student Loans Act 2008.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 07/12/2017 16:59:57 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	465 label Biography information for Gordon Marsden

795944

registered interest
date	28/11/2017
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	1
legislature	25259 pref label House of Commons
question text	To ask Secretary of State for Education, what projection his Department has made of the increased cost of each year of graduate debt write-offs following the changes to the student loans repayment threshold proposed in Table 1.9 of Autumn Budget 2017.
tabling member constituency	Blackpool South
tabling member printed	Gordon Marsden
uin	116260
answer	answer is ministerial correction date of answer 01/12/2017 answer text <p>The government has frozen tuition fees for academic year 2018/19 and for financial year 2018-19 has raised both the repayment threshold and the thresholds at which variable interest rates apply to borrowers in repayment.</p><p> </p><p>The repayment threshold will rise from £21,000 to £25,000 for the 2018-19 financial year (from 6 April 2018). Following the threshold change, interest will be charged at RPI for those earning below £25,000 (compared to £21,000 before) and at RPI+3% for those earning above £45,000 (compared to £41,000 before), with interest applied on sliding scale for those earning between those two thresholds.</p><p> </p><p>Changes in write-offs are reflected in the Resource Accounting and Budgeting (RAB) charge, which is the estimated cost to government of borrowing to support the student finance system. It is based on future loan write-offs and interest subsidies in net present value terms. For convenience, we express these costs as a proportion of the initial loan outlay. Following the recent change to the repayment threshold for post-2012 loans we estimate the RAB charge for higher education loans has increased from around 30% to between 40% and 45%.</p><p> </p><p>The cost of the system is a conscious investment in young people. It is the policy subsidy required to make higher and further education widely available, achieving the government’s objectives of increasing the skills in the economy and ensuring access to university for all with the potential to benefit.</p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 01/12/2017 10:10:40 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	465 label Biography information for Gordon Marsden