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<p>The Student Loans Company (SLC) administers student loans on behalf of the UK government
and devolved administrations with funding from Her Majesty’s Treasury. While the SLC
itself pays nothing on this funding, the cost to the government of this capital is
the same as that paid on its general borrowing.</p><p> </p><p>The amounts paid out
and the interest charged can be found in the published document titled ‘DfE consolidated
annual report and accounts 2016-17’ on pages 152 to 158, attached.</p><p> </p><p>The
government does not make a profit on these loans, which is reflected through the impairment
charge in note 14.3.3 on page 155 of the attachment. This shows the proportion of
the loan outlay and interest that the department expects not to recover. Student loans
are subsidised by the government as a deliberate investment in the skills base of
the country, which delivers benefits for individual students and for society at large.</p>
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