Question

To ask the Secretary of State for Business, Innovation and Skills, what amount of loans (a) has been issued by and (b) is owed to each company responsible for issuing and collecting student loans.

All student loans issued on behalf of government are issued by the Student Loans Company. Statistics on the loans issued annually by the Student Loans Company are published separately for BIS and each devolved administration in the Statistical First Releases available at the link:

http://www.slc.co.uk/official-statistics/financial-support-awarded.aspx

The outstanding balance for Income Contingent Repayment (ICR) Loans issued by the Student Loans Company is published separately for BIS and each devolved administration in the Statistical First Releases available at the link:

http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment.aspx

Students starting courses prior to 1998 were eligible for “mortgage style” loans—such loans have since been sold to independent companies who now administer the collection of loan repayments, but do not issue loans. BIS is not able to state the amount currently owed to these companies. The companies in question are Finance for Higher Education Ltd, Honours Trustee Ltd and Erudio Student Loans Ltd.