Students: Loans:Written question - 8237

Q
(Ludlow)
Asked on: 31 October 2019
Department for Education
Students: Loans
Commons
To ask the Secretary of State for Education, what the amount owed is in respect of loans for (a) tuition fees and (b) living costs to date; and what projections his Department has made of the amounts owed in respect of each of those loans in (i) 2025, (ii) 2030, (iii) 2040 and (iv) 2050.
A
Answered by: Chris Skidmore
Answered on: 04 November 2019

At the end of the 2018-19 financial year, the total outstanding loan balance was £121.8 billion[1].

This figure includes all loan products and covers borrowers who received loans as English

domiciled students studying in the UK or as EU domiciled students studying in England.

The corresponding forecasts are detailed in table 1 (attached).

The information by product (maintenance loans/tuition fee loans) is not readily available

and could only be obtained at disproportionate cost.

[1] Source: https://www.gov.uk/government/statistics/student-loans-in-england-2018-to-2019. (Table 1A)

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