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48090
registered interest false more like this
date remove filter
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Innovation and Skills, what revenue the Government received through student loan repayments in (a) 2010, (b) 2011, (c) 2012 and (d) 2013. more like this
tabling member constituency Preston more like this
tabling member printed
Mark Hendrick more like this
uin 196183 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-04-28more like thismore than 2014-04-28
answer text <p>Information on the repayment of student loans is published in the Statistical First Release<em>“Student Loans for Higher Education in England”</em>. The latest publication is available at the following link.</p><p><a href="http://www.slc.co.uk/statistics/national-statistics/newnationalstatistics2.aspx" target="_blank">http://www.slc.co.uk/statistics/national-statistics/newnationalstatistics2.aspx</a></p><p> </p><p>The amounts repaid via HMRC through Pay As You Earn (PAYE) or directly to Student Loans Company (SLC) in the financial years 2009-10 to 2012-13 have been provided in the table. The statistics include repayments made on outstanding debt from both Mortgage Style and Income Contingent Repayment (ICR) loans.</p><p> </p><p>Statistics referring to the financial year 2013-14 will be published in June 2014.</p><table><tbody><tr><td colspan="5"><p><strong>Student Loan Repayments Financial Years 2009-10 to 2012-13 : amounts (£m)</strong></p></td></tr><tr><td><p><strong>Financial Year</strong></p></td><td><p><strong>2009-10</strong></p></td><td><p><strong>2010-11</strong></p></td><td><p><strong>2011-12</strong></p></td><td><p><strong>2012-13</strong></p></td></tr><tr><td><p><strong>Repaid directly by customer to SLC</strong></p></td><td><p>302.2</p></td><td><p>326.5</p></td><td><p>294.6</p></td><td><p>256.9</p></td></tr><tr><td><p><strong>Reported by HMRC as collected via PAYE and Self-Assessment</strong></p></td><td><p>726.4</p></td><td><p>850.0</p></td><td><p>1,044.9</p></td><td><p>1,185.3</p></td></tr><tr><td><p><strong>Refunded by SLC to customer</strong></p></td><td><p>-18.8</p></td><td><p>-33.6</p></td><td><p>-33.6</p></td><td><p>-35.5</p></td></tr><tr><td><p><strong>Total amount repaid, including interest, during the financial year</strong></p></td><td><p><strong>1,009.7</strong></p></td><td><p><strong>1,143.0</strong></p></td><td><p><strong>1,305.9</strong></p></td><td><p><strong>1,406.8</strong></p></td></tr><tr><td colspan="5"><p><em>Source: Statistical First Release Student Loans for Higher Education in England</em></p><p> </p></td></tr><tr><td colspan="5"><p>Notes:</p><p>- Repayments are shown in the financial year when they are posted to customer accounts. The SLC are notified of repayments by HMRC, usually within one year of the end of the tax year to which they relate.</p><p> </p><p>- Refunds can occur when an account holder has overpaid SLC in previous financial periods for various reasons.</p></td></tr></tbody></table>
answering member constituency Havant remove filter
answering member printed Mr David Willetts more like this
question first answered
less than 2014-04-28T12:00:00.00Zmore like thismore than 2014-04-28T12:00:00.00Z
answering member
53
label Biography information for Lord Willetts more like this
tabling member
473
label Biography information for Sir Mark Hendrick more like this