Written question asked by Lord Willetts (Conservative) on Friday, 5 October 2007, in the House of Commons. It was due for an answer on Monday, 8 October 2007. It was answered by Bill Rammell (Labour) on Tuesday, 30 October 2007 on behalf of the Department for Innovation, Universities and Skills.

Students: Loans

Question: To ask the Secretary of State for Innovation, Universities and Skills how many people have completed repayment of student loans in each year since their introduction.

Answer

The available data are given in the following table.

Number of borrowers with student loans repaid in full—financial year in which loan fully repaid
Financial year	Borrowers with loans fully repaid (Thousand)¹
2000-01²	45.0
2001-02²	56.0
2002-03²	67.9
2003-04²	77.9
2004-05²	83.6
2005-06³	81.6
2006-07³,4	72.3
¹ Borrowers who have paid at least one loan account in full in the financial year. This includes accounts with small balance write-offs of £5 or less and accounts closed under the Repayment of Teacher Loans scheme.
² Data up to 2004-05 are on a UK basis, separate England figures were not available for those years.
³ Data from 2005-06 cover English domiciled borrowers.
4 2006-07 data are provisional.
Note:
Consistent data are not available before 2000-01.

Secondary information