Question

To ask the Secretary of State for Business, Innovation and Skills, what his policy is on privatising part or all of the Student Loan book before May 2015.

This Government has sold £160 million of mortgage-style student loans on the condition that no terms of the loans can be changed. This follows the previous government’s record of selling £2 billion of mortgage-style student loans. At Autumn Statement 2013 the government committed to selling the pre-Browne Income Contingent Student Loan Book in a number of tranches, with a first sale intended to occur by the end of financial year 2015/16. There are no plans to conduct a sale during this parliament.