Student Loans Company

Lord Elystan-Morgan Excerpts

Tuesday 21st November 2017 Lords Chamber

[Viscount Younger of Leckie]

As I said earlier, there were two thorough internal investigations. The initial allegations were raised in May, and here we are in November. That time was needed for both internal investigations to go through the thorough process of looking at the issues, and then a decision was made on 7 November.

[Lord Elystan-Morgan (CB)]

My Lords, about a year ago at Question Time I was told that it was the Government’s estimate that, for one reason or another, only about half of then current student loans would be repaid. What is the Government’s best estimate of that at the moment?

[Viscount Younger of Leckie]

Following the rising of the thresholds—from £21,000 to £25,000 and up to £45,000—our estimate is between 30% and 45%. Previously, it was about 30%.