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<p>Student loans are classified as Loans and Receivables and are carried in the Department's
Annual Report and Accounts at amortised cost in accordance with International Accounting
Standards (IAS 39). Student loans are reviewed annually at the balance sheet date
for any objective evidence of impairment, and the value is adjusted as necessary.
This is not impacted by the sale process. In accordance with the standard, the classification
of student loans will not change following initial recognition. Any gain or loss on
disposal will be reported in the annual accounts following sale completion.</p>
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