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Written question asked by Jim Cousins (Labour) on Thursday, 8 January 2004, in the House of Commons. It was due for an answer on Monday, 19 January 2004. It was answered by Alan Johnson (Labour) on Monday, 19 January 2004 on behalf of the Department for Education and Skills.

Dept for Education and Skills

Question
To ask the Secretary of State for Education and Skills, what the size of the total student loan debt was in each year since 1999; what the size of the increases in (a) loans taken out and (b) repayments of principal were in each year; what the increases from interest additions were in each year; and what the Government contribution to the student loan scheme was in each year.
Answer

Mr. Cousins: To ask the Secretary of State for Education and Skills what the size of the total student loan debt was in each year since 1999; what the size of the increases in (a) loans taken out and (b) repayments of principal were in each year; what the increases from interest additions were in each year; and what the Government contribution to the student loan scheme was in each year. [147417] Alan Johnson: [holding answer on 15 January 2004]: The Secretary of State for Education and Skills has responsibilities for student loanspaid to higher education students domiciled in England and Wales, and this information is therefore provided on an England and Wales basis. The table shows the student loans issued, repaid, the interest added and the amount outstanding at the end of the year for financial years 1999-2000 to 2001-02, and the change between each financial year. £ million _________________________________________________________________________________________________. England and Wales Financial year 1999-2000 Change 2000-01 Change 2001-2002 Lent 1,281.7 618.1 1,899.8 217.9 2,117.7 Repaid1 111.4 47.1 158.5 80.6 239.1 Interest added 69.4 32.1 101.5 44.1 145.6 Amount outstanding at the 3,413.8 1,889.3 5,303.1 1,900.1 7,203.2 end of the financial year _________________________________________________________________________________________________. 1 Amounts repaid cannot be split between repayments of principal and interest. The resource accounting and budgeting (RAB) costs to the Treasury for loans to students domiciled in England and Wales are shown in the table: Full details of student loans movements for England and Wales are included in the DfES resource accounts. £ million _________________________________________________________________________________________________. Resource Accounting and Budgeting costs Financial year Movement on Provisions 1999-2000 558.9 2000-01 794.6 2001-02 855.9 _________________________________________________________________________________________________. Full details of student loans movemednts for England and Wales are included in the DfES resource accounts. No figures have yet been published for 2002-03. Information for that year will be contained in the 2002-03 resource accounts which will be published within the next month.

Secondary information

Type
Written question
Reference
416 c959-60W;416 c957-8W; 147417
Session
2003-04
Subjects
Debts Finance Higher education Loans Repayments Students
Link
View this Written question on www.publications.parliament.uk