Students: Loans

(asked on 31st October 2019) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what the amount owed is in respect of loans for (a) tuition fees and (b) living costs to date; and what projections his Department has made of the amounts owed in respect of each of those loans in (i) 2025, (ii) 2030, (iii) 2040 and (iv) 2050.


Answered by
Chris Skidmore Portrait
Chris Skidmore
This question was answered on 4th November 2019

At the end of the 2018-19 financial year, the total outstanding loan balance was £121.8 billion[1].

This figure includes all loan products and covers borrowers who received loans as English

domiciled students studying in the UK or as EU domiciled students studying in England.

The corresponding forecasts are detailed in table 1 (attached).

The information by product (maintenance loans/tuition fee loans) is not readily available

and could only be obtained at disproportionate cost.

[1] Source: https://www.gov.uk/government/statistics/student-loans-in-england-2018-to-2019. (Table 1A)

Reticulating Splines