{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-answer.dateOfAnswer=2024-05-07&tablingMemberConstituency=Harborough", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?min-answer.dateOfAnswer=2024-05-07&tablingMemberConstituency=Harborough", "extendedMetadataVersion" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-answer.dateOfAnswer=2024-05-07&tablingMemberConstituency=Harborough&_metadata=all", "first" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-answer.dateOfAnswer=2024-05-07&_page=0&tablingMemberConstituency=Harborough", "hasPart" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-answer.dateOfAnswer=2024-05-07&tablingMemberConstituency=Harborough", "isPartOf" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-answer.dateOfAnswer=2024-05-07&tablingMemberConstituency=Harborough", "items" : [{"_about" : "http://data.parliament.uk/resources/1719819", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1719819/answer", "answerText" : {"_value" : "

The Resource Accounting Budget charge, which is the government subsidy anticipated on student loans issued in any particular financial year, is calculated as the present value of student loan outlay less expected future repayments, in accordance with relevant International Financial Reporting Standards and guidance from HMT\u2019s Government Financial Reporting Manual (FReM).<\/p>

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The FReM requires future repayments of student loans to be discounted at the higher of the intrinsic rate of the financial instrument and the real financial instrument discount rate set by HMT, based on analysis of real yields on UK index linked gilts and are specifically appropriate to central government.<\/p>

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The FReM is kept under constant review. It is updated to reflect developments in relevant standards and best practice.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3969", "label" : {"_value" : "Biography information for Damian Hinds"} } , "answeringMemberConstituency" : {"_value" : "East Hampshire"} , "answeringMemberPrinted" : {"_value" : "Damian Hinds"} , "dateOfAnswer" : {"_value" : "2024-05-24", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-05-24T10:39:37.977Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2024-05-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Students: Loans"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Education, for what reasons the discount rate used to calculate the Resource Accounting and Budgeting charge on student loans is different to the rate used for general policy appraisal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4679", "label" : {"_value" : "Biography information for Neil O'Brien"} } , "tablingMemberConstituency" : {"_value" : "Harborough"} , "tablingMemberPrinted" : [{"_value" : "Neil O'Brien"} ], "uin" : "27501"} , {"_about" : "http://data.parliament.uk/resources/1719417", "AnsweringBody" : [{"_value" : "Home Office"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1719417/answer", "answerText" : {"_value" : "

Refugee Integration Loans were introduced in 2007 following a public consultation and are intended to help people with the costs of integrating into UK society. They are funded by the Home Office, who make the initial decisions on applications. They are then administered and recouped by the Department for Work and Pensions (DWP).<\/p>

Refugee integration loans are interest-free loans with favourable repayment terms for individuals who are over 18 and meet the following eligibility criteria:<\/p>