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.
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.