Question

To ask the Secretary of State for Business, Innovation and Skills, what guidance he has provided to Student Finance England on the length of time taken to (a) approve student finance applications and (b) transfer funds after approval.

Annual targets are set for the Student Loans Company on both the length of time taken to approve student finance applications and the transfer of funds after approval. These targets are contained within the Annual Performance and Resource Agreement letter, the latest of which dated 24 April 2014 is publically available on the Student Loans Company website.