Students: Loans

(asked on 22nd March 2018) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, pursuant to the Answer of 12 March 2018 to Question 131183, if he will provide a breakdown of the advisory and transaction costs in the sale of the student loan book.


Answered by
Sam Gyimah Portrait
Sam Gyimah
This question was answered on 27th March 2018

The advisory and transaction costs from 2013/14 to the closing of the sale in December 2017 are broken down in the attached table.

The cost against the proceeds of the sale (£1.7 billion) is less than 1 per cent and the preparation and execution spanned five years.

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