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49845

registered interest
date	06/05/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is (1) the total sum, and (2) the percentage, of student loans that have been written off as bad debt.
tabling member printed	Lord Barnett
uin	HL6849
answer	answer is ministerial correction date of answer 14/05/2014 answer text <p>Information on the repayment status of student loans is available in the Student Loans Company (SLC) publication<em>‘Student Loans for Higher Education in England, Financial Year 2012-13'</em>.</p><p> </p><p>The Amount of Total Public Debt outstanding (including loans not yet due for repayment) at the start of Financial Year 2012-13 including interest was <strong>£40,271.5m</strong>, rising to <strong>£46,590.4m</strong> by the end of Financial Year 2012-13.</p><p> </p><p>The amount of debt written off or cancelled during the Financial Year 2012-13 was <strong>£27.0m</strong>. This figure is <strong>0.07%</strong> of the Total Public Debt outstanding at the start of Financial Year 2012-13 and <strong>0.06%</strong> of the Total Public Debt outstanding at the end of Financial Year 2012-13.</p><p> </p><p>Write offs occur for policy reasons; when borrowers die, become permanently disabled or when their loan reaches age thresholds. An estimate of ‘bad debt' has not been provided in the answer as there is no standard definition for this.</p><p> </p><p>Statistics referring to the Financial Year 2013-14 will be published in June 2014.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member printed Lord Ahmad of Wimbledon question first answered 14/05/2014 12:00:00 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	1018 label Biography information for Lord Barnett

49847

registered interest
date	06/05/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what is the amount of student loan debt still available for sale, including the first tranche referred to.
tabling member printed	Lord Barnett
uin	HL6850
answer	answer is ministerial correction date of answer 14/05/2014 answer text <p>The total amount of pre-2012 income contingent repayment student loan debt that Government intends to sell has not yet been determined. However, over a five year period, as announced at Autumn Statement 2013, sales are expected to generate between £10 billion and £15 billion in revenues, with a central estimate of around £12 billion.</p> answering member printed Lord Ahmad of Wimbledon question first answered 14/05/2014 12:00:00 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	1018 label Biography information for Lord Barnett

49849

registered interest
date	06/05/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what are the current terms of income contingent repayment loans.
tabling member printed	Lord Barnett
uin	HL6851
answer	answer is ministerial correction date of answer 14/05/2014 answer text <p>The Education (Student Loans) (Repayment) Regulations set out the terms and conditions of income contingent student loans. This is also set out in the booklet <em>Student Loans – a Guide to Terms and Conditions</em>, the latest copy of which can be accessed at http://www.sfengland.slc.co.uk/media/666045/sfe_t_c_guide_1415_d.pdf . Students are informed at the time of taking out their student loan that the regulations may change from time to time and this means that the terms of their loan may also change.</p> answering member printed Lord Ahmad of Wimbledon question first answered 14/05/2014 12:00:00 answering member 4210 label Biography information for Lord Ahmad of Wimbledon
tabling member	1018 label Biography information for Lord Barnett