Question to the Department for Education:

To ask His Majesty's Government what is the projected total liability for university student debt for both tuition fee loans and maintenance loans that will be written off.

The government is forecast to subsidise £95.5bn of the £238.0bn total face value of the student loan book as of 1^st April 2024.

Of undergraduate borrowers taking their first loan outlay in the academic year 2025/26 under Plan 5 terms, 45% are expected to never repay their loan in full.

For those who started in 2022/23 under Plan 2 68% were expected to never repay their loans in full.

For Masters loans, 32% are expected to never fully repay their loan.

This subsidy is a conscious investment in our young people and the skills capacity, people and economy of this country.

These statistics are publicly available in the student loan forecasts for England publication for the financial year 2025-26 which is available here: Release home - Student loan forecasts for England - Explore education statistics - GOV.UK.