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Sale of Student Loans Bill

I, too, thank the Minister for her responses. The noble Baroness, Lady Sharp, raises some important points about SPVs. The control of borrowers and their loans will go into their hands on multiple sales. It is difficult to see how the Government will be able to put enough safeguards in to be able to assure us that terms and conditions will not be changed—although the Minister stipulates very eloquently. I have difficulty in envisaging that in the long term with multiple sales. I thank the Minister for taking away Amendment No. 11 to have a rethink about it. I think that when she has seen the points that we have made about the amendment she will, perhaps, be inclined to see it our way. While the Minister may be able to track the loans, once a loan is sold and is no longer in the Government’s control, what happens to the loan? While it appears that the Secretary of State cannot be involved in every loan sale, there must be some mechanisms in place for tracking loans and monitoring their outcomes.