Students: Loans

(asked on 13th April 2026) - View Source

Question to the Department for Education:

To ask His Majesty's Government, further to the reply by the Minister of State, Department for Business, Innovation and Skills, on 14 July 2009 (HC Deb col 373W), what plans they have to investigate whether official government information regarding the sale of the student loan book was passed by Lord Mandelson to Jeffery Epstein or his associates.


Answered by
Baroness Smith of Malvern Portrait
Baroness Smith of Malvern
Minister of State (Department for Work and Pensions)
This question was answered on 27th April 2026

The sale of student loans forms part of a loan sale programme established under the Sale of Student Loans Act 2008, which enables the government to sell certain income‑contingent student loans while preserving borrowers’ terms and conditions.

The first sales under the programme were delivered through two transactions completed in 2017 and 2018, following decisions taken under subsequent administrations and several years after Lord Mandelson had left office. Those sales were undertaken in accordance with the relevant statutory and contractual framework and were subject to established governance and assurance arrangements.

There is no evidence of any unauthorised disclosure of official government information in relation to the student loan sales.

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