Students: Loans

(asked on 8th April 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether the change to the discount rate applied to student loans applies to all parts of the UK.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 13th April 2016

The Department for Business, Innovation and Skills (BIS) applies HM Treasury’s long term discount rate to calculate the carrying value of English student loans shown in the BIS financial statements.

Loans issued by devolved administrations are shown in their respective financial statements. The accounting treatment and discount rates applied are a matter for them.

HM Treasury is always open to discussion with the devolved administrations about such matters.

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