Question

To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the portion of loan outlay that will never be repaid by graduates who have undertaken (a) full-time and (b) part-time higher education degrees.

(a) We estimate that the proportion of the value of full time loans which will not be repaid is around 45%.

(b) Our current estimate is that around 40% of the value of part time loans will not be repaid. We will update our estimate as we get more information on the actual repayments from students taking out these loans.