Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask His Majesty's Government what will be the nominal cumulative total of student loan debt in (1) five years, (2) 10 years, and (3) 25 years.
Answered by Baroness Smith of Malvern - Minister of State (Education)
The department publishes forecasts annually for higher education and further education student loans in England. Student loan forecasts for England in the 2023/24 financial year can be accessed here: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england.
The requested figures can be found in supplementary Table 8 here: https://explore-education-statistics.service.gov.uk/data-tables/permalink/5dd0bbff-ff5d-4387-a0a8-08dcfae39e23.
In five years, in the 2029/30 financial year, the nominal cumulative total of student loan debt is forecast to be £383.7 billion. In 2034/35 it is forecast to be £539.9 billion. In 2049/50 it is forecast to be £869.4 billion.
These published forecasts use a range of assumptions, including annual inflationary increases in maintenance loans and fee caps by the Retail Prices Index excluding mortgage interest payments.
Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask His Majesty's Government what is their estimate of the number of additional places which will be required by local authorities to accommodate children forced to leave independent schools as a consequence of the imposition of VAT on education fees.
Answered by Baroness Smith of Malvern - Minister of State (Education)
This government is committed to ending the VAT exemption that private schools enjoy. While the impact of this policy is being fully considered, projections by the Institute for Fiscal Studies indicate that the number of pupils who may switch schools as a result of these changes is likely to represent a very small proportion of overall pupil numbers in the state sector, less than 0.5%, with any displacement expected to take place over several years. This research can be found here: https://ifs.org.uk/publications/tax-private-school-fees-and-state-school-spending and in the attached report.
The department will be monitoring demand and capacity using our normal processes and working with local authorities to meet any pressures.
Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask His Majesty's Government whether they intend to remove charitable status from independent schools; and if so, what is their estimate of the impact this would have on the cost of nursery education.
Answered by Baroness Smith of Malvern - Minister of State (Education)
The government has not proposed to remove charitable status from independent schools.
Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask His Majesty's Government how many children with special educational needs are in independent schools.
Answered by Baroness Smith of Malvern - Minister of State (Education)
The department publishes annual figures on pupils with special educational needs (SEN) based on the January school census data. The most recent published figures, for January 2024, are available here: https://explore-education-statistics.service.gov.uk/find-statistics/special-educational-needs-in-england. The publication includes a breakdown of SEN by school type which is attached and available at: https://explore-education-statistics.service.gov.uk/data-tables/permalink/df44ab22-0874-49af-b4bb-08dccb80a395.
Pupils with SEN may have an education, health and care (EHC) plan or have SEN support in school without an EHC plan. The total number of pupils with SEN is the sum of these two groups.
Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask Her Majesty's Government further to the Written Answer by the Secretary of State for Business, Innovation and Skills on 18 June 2014 (HC 200265), what is their current estimate of the value of the income contingent student loan book in nominal terms for each year to 2050 after the sales of student loans.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
The information is not readily available and could only be obtained at disproportionate cost.
Later this year the Department for Education will produce an estimate of the cash value of the income contingent student loan book in real terms. We will also produce an estimate of the value of the income contingent student loan book in nominal terms, for each year to 2050, before the sales of student loans.
Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask Her Majesty's Government, further to the Written Answer by the Secretary of State for Business, Innovation and Skills on 18 June 2014 (HC 200265), what is their current estimate of the value of the income contingent student loan book in nominal terms for each year to 2050 before the sales of student loans.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
The information is not readily available and could only be obtained at disproportionate cost.
Later this year the Department for Education will produce an estimate of the cash value of the income contingent student loan book in real terms. We will also produce an estimate of the value of the income contingent student loan book in nominal terms, for each year to 2050, before the sales of student loans.
Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask Her Majesty's Government, further to the Written Answer by the Secretary of State for Business, Innovation and Skills on 18 June 2014 (HC 200265), what is their current estimate of the cash value of the income contingent student loan book in real terms for each year to 2050 after the sales of student loans.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
The information is not readily available and could only be obtained at disproportionate cost.
Later this year the Department for Education will produce an estimate of the cash value of the income contingent student loan book in real terms. We will also produce an estimate of the value of the income contingent student loan book in nominal terms, for each year to 2050, before the sales of student loans.
Asked by: Lord Forsyth of Drumlean (Conservative - Life peer)
Question to the Department for Education:
To ask Her Majesty's Government, further to the Written Answer by the Secretary of State for Business, Innovation and Skills on 18 June 2014 (HC 200265), what is their current estimate of the cash value of the income contingent student loan book in real terms for each year to 2050 before the sales of student loans.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
The information is not readily available and could only be obtained at disproportionate cost.
Later this year the Department for Education will produce an estimate of the cash value of the income contingent student loan book in real terms. We will also produce an estimate of the value of the income contingent student loan book in nominal terms, for each year to 2050, before the sales of student loans.