Lord Elystan-Morgan
Main Page: Lord Elystan-Morgan (Crossbench - Life peer)
Baroness Williams of Trafford
My Lords, the noble Lord may be aware that the Chancellor recently announced that, from 2016, postgraduate students will be able to get a loan of up to £10,000 for their studies.
Lord Elystan-Morgan (CB)
My Lords, is it not the case that Her Majesty’s Government have made an assessment of what proportion of student loans are likely to be recoverable? Will the noble Baroness tell the House what that figure is?
Baroness Williams of Trafford
My Lords, that figure varies—I think that my noble friend is referring to the RAB charge—because of macroeconomic factors such as earning potential and, therefore, the ability to repay. It is currently estimated to be around 45%.