Question

To ask the Secretary of State for Business, Innovation and Skills, what audit he has made of the performance of the Student Loans Company.

Each year the Department for Business, Innovation and Skills (BIS) and the Devolved Administrations set Student Loans Company (SLC) stretching performance measures which are confirmed in an Annual Performance and Resource Agreement (APRA) letter. BIS closely monitors SLC's performance against these measures throughout the year. Monitoring arrangements include formal quarterly reviews of SLC's performance which are conducted by Ministers and senior officials.

Each year the SLC publishes externally audited information on its performance in its Annual Report and Accounts. The APRA letter and SLC's Annual Report and Accounts are available on SLC's website: http://www.slc.co.uk/