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390656

registered interest
date	16/07/2015
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
hansard heading	Students: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what advice he has received from Islamic scholars on the writing off of sharia compliant student loans.
tabling member constituency	Preston
tabling member printed	Mr Mark Hendrick
uin	7681
answer	answer is ministerial correction date of answer 07/09/2015 answer text <p>Following a consultation in 2014 on a Sharia-compliant alternative finance product which sought to obtain views on the acceptability of an alternative finance product based upon the Takaful Model, officials in the Department for Business, Innovation and Skills are working with Islamic finance experts to consider the introduction of a possible alternative finance product, including terms and conditions that would be Sharia-compliant and equivalent to other student loans. Advice has been received from Al Rayan Bank (formally Islamic Bank of Britain).</p><p> </p> answering member constituency Orpington answering member printed Joseph Johnson question first answered 07/09/2015 14:26:39 answering member 4039 label Biography information for Lord Johnson of Marylebone
tabling member	473 label Biography information for Sir Mark Hendrick

79034

registered interest
date	21/07/2014
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
hansard heading	Higher Education: Lancashire
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, how many students at schools in (a) Preston constituency and (b) each other constituency in Lancashire applied for higher education places in each of the last five years.
tabling member constituency	Preston
tabling member printed	Mark Hendrick
uin	206749
answer	answer is ministerial correction date of answer 20/10/2014 answer text <p>Information on the number of applicants from schools in constituencies in Lancashire is not held centrally.</p><p> </p> answering member constituency Tunbridge Wells answering member printed Greg Clark question first answered 20/10/2014 14:49:59 answering member 1578 label Biography information for Greg Clark
tabling member	473 label Biography information for Sir Mark Hendrick

48090

registered interest
date	09/04/2014
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	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Preston
tabling member printed	Mark Hendrick
uin	196183
answer	answer is ministerial correction date of answer 28/04/2014 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 answering member printed Mr David Willetts question first answered 28/04/2014 12:00:00 answering member 53 label Biography information for Lord Willetts
tabling member	473 label Biography information for Sir Mark Hendrick