1-20 of 1,949 results for subject:Loans
Librarians' tools
- Search time
- 0.296 seconds
- Solr query time
- 0.008 seconds
- Search query
- subject:Loans
- We searched for
- subject_t:Loans OR subject_t:Lending OR subject_t:"Soft loans" OR subject_ses:91863
Type
House
Session
More
Year
Department
More
Member
More
Primary member
More
Answering member
More
Legislative stage
Legislation
More
Subject
More
Publisher
To ask Her Majesty’s Government what is (1) the total sum, and (2) the percentage, of student loans that have been written off as bad debt.[HL6849]
To ask Her Majesty’s Government what is (1) the total sum, and (2) the percentage, of student loans that have been written off as bad debt.[HL6849]
Information on the repayment status of student loans is available in the Student Loans Company (SLC) publication ‘Student Loans for Higher Education in England, Financial Year 2012-13’.
The Amount of Total Public Debt outstanding (including loans not yet due for repayment) at the start of Financial Year 2012-13 including interest was £40,271.5m, rising to £46,590.4m by the end of Financial Year 2012-13.
The amount of debt written off or cancelled during the Financial Year 2012-13 was £27.0m. This figure is 0.07% of the Total Public Debt outstanding at the start of Financial Year 2012-13 and 0.06% of the Total Public Debt outstanding at the end of Financial Year 2012-13.
Write offs occur for policy reasons; when borrowers die, become permanently disabled or when their loan reaches age thresholds. An estimate of ‘bad debt’ has not been provided in the answer as there is no standard definition for this.
Statistics referring to the Financial Year 2013-14 will be published in June 2014.
To ask Her Majesty’s Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what is the amount of student loan debt still available for sale, including the first tranche referred to.[HL6850]
To ask Her Majesty’s Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what is the amount of student loan debt still available for sale, including the first tranche referred to.[HL6850]
The total amount of pre-2012 income contingent repayment student loan debt that Government intends to sell has not yet been determined. However, over a five year period, as announced at Autumn Statement 2013, sales are expected to generate between £10 billion and £15 billion in revenues, with a central estimate of around £12 billion.
To ask Her Majesty’s Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what are the current terms of income contingent repayment loans.[HL6851]
To ask Her Majesty’s Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what are the current terms of income contingent repayment loans.[HL6851]
The Education (Student Loans) (Repayment) Regulations 2009 set out the terms and conditions of income contingent student loans. This is also set out in the booklet Student Loans – a Guide to Terms and Conditions, the latest copy of which can be accessed at http://www.sfengland.slc.co.uk/media/666045/sfe_t_c_guide_1415_d.pdf Students are informed at the time of taking out their student loan that the regulations may change from time to time and this means that the terms of their loan may also change.
The new clauses lie at the heart of consumer issues: if consumers have no money in their pockets, they will not do very much consuming. A personal debt crisis is brewing because millions of people are trying to make ends meet and pay for the debt they took on to...
The new clauses lie at the heart of consumer issues: if consumers have no money in their pockets, they will not do very much consuming. A personal debt crisis is brewing because millions of people are trying to make ends meet and pay for the debt they took on to...
To ask Her Majesty’s Government, further to the answer by Lord Ahmad of Wimbledon on 26 March (HL Deb, col 528), what was the basis on which he described the sale of the student loan book for £160 million as “value for money for the taxpayer”; and what was the...
To ask Her Majesty’s Government, further to the answer by Lord Ahmad of Wimbledon on 26 March (HL Deb, col 528), what was the basis on which he described the sale of the student loan book for £160 million as “value for money for the taxpayer”; and what was the...
The Mortgage Style loans offered for sale had a face value of around £890 million.
The sale of the Mortgage Style Loan Book was value for money as the purchase price exceeded the value of retention to Government.
The real value of the book is below the face value of the loans because of the subsidised nature of the loans and their age. These loans attract low interest rates and have an earnings threshold for repayment. The age-related write off combined with the earnings threshold means some borrowers never repay.
The sale of Mortgage style Loans also allowed the Student Loans Company to focus on its core business of supplying income contingent loans to current students and collecting repayments from those loans
To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 7 May 2014, Official Report, columns 162-3W, on new businesses: Wales, which businesses have received support from the Government's Start Up Loan Scheme in the Vale of Glamorgan; and how much has been lent...
To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Answer of 7 May 2014, Official Report, columns 162-3W, on new businesses: Wales, which businesses have received support from the Government's Start Up Loan Scheme in the Vale of Glamorgan; and how much has been lent...
To ask the Chancellor of the Exchequer what contribution the UK will make towards the $17 billion IMF package for Ukraine.
To ask the Chancellor of the Exchequer what contribution the UK will make towards the $17 billion IMF package for Ukraine.
As a member of the IMF, the UK will be involved in the IMF’s $17 billion programme for Ukraine. The UK’s contribution to the Fund is not public spending and would have no fiscal implications on the UK: it does not add to our debt or deficit. With its preferred creditor status, lending to the IMF is one of the most credit-worthy institutions in the world and no-one who has ever provided money to the IMF has ever lost that money.
To ask the Chancellor of the Exchequer what estimate he has made of the proportion of the $3.2 billion released by the IMF to Ukraine's interim government that will be spent on servicing debt to Russian gas providers.
To ask the Chancellor of the Exchequer what estimate he has made of the proportion of the $3.2 billion released by the IMF to Ukraine's interim government that will be spent on servicing debt to Russian gas providers.
The IMF's programme is intended to put the Ukrainian economy on a more stable footing, part of which involves Ukraine servicing its legitimate debts. The actual repayment of Ukraine's gas debts is a matter for the Government in Kyiv to discuss with their creditors.
To ask the Secretary of State for Foreign and Commonwealth Affairs what discussions he has had with Ukraine's interim government about the $3.2 billion immediately released by the IMF as part of its support package.
To ask the Secretary of State for Foreign and Commonwealth Affairs what discussions he has had with Ukraine's interim government about the $3.2 billion immediately released by the IMF as part of its support package.
I discussed the International Monetary Fund (IMF) package during my visit to Kyiv on 6-7 May, when I met Ukrainian Prime Minister Arseniy Yatsenyuk, Foreign Minister Andriy Deshchytsia and the Head of the National Security and Defence Council. We are supportive of the IMF programme for Ukraine and welcome the Ukrainian government’s commitment to reform.
To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the performance of the Start Up Loan scheme in Wales to date; what the take-up has been under this scheme to date; and how much has been lent to which businesses in each...
To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the performance of the Start Up Loan scheme in Wales to date; what the take-up has been under this scheme to date; and how much has been lent to which businesses in each...
The Start-Up Loans scheme was extended to Wales in October 2013. To date 249 loans have been committed with a value of over £1.52 million.
The following table sets the number of loans made in each constituency and their value:
| Welsh
constituencies | Number
of
loans | Value
of loans
(£) |
| Aberavon | 6 | 38,700 |
| Aberconwy | 2 | 10,500 |
| Arfon | 2 | 24,000 |
| Blaenau
Gwent | 5 | 12,000 |
| Brecon
and
Radnorshire | 2 | 7,500 |
| Bridgend | 9 | 58,000 |
| Caerphilly | 7 | 42,250 |
| Cardiff
Central | 6 | 37,500 |
| Cardiff
North | 5 | 41,500 |
| Cardiff
South and
Penarth | 12 | 83,600 |
| Cardiff
West | 6 | 55,500 |
| Carmarthen
East and
Dinefwr | 9 | 49,250 |
| Carmarthen
West and South
Pembrokeshire | 12 | 35,000 |
| Ceredigion | 7 | 19,100 |
| Clwyd
South | 7 | 54,500 |
| Clwyd
West | 8 | 43,500 |
| Cynon
Valley | 8 | 35,000 |
| Delyn | 1 | 5,000 |
| Dwyfor
Meirionnydd | 2 | 22,000 |
| Gower | 13 | 50,500 |
| Islwyn | 5 | 35,550 |
| Llanelli | 7 | 27,000 |
| Merthyr
Tydfil and
Rhymney | 7 | 53,000 |
| Monmouth | 10 | 75,284 |
| Montgomeryshire | 7 | 36,500 |
| Neath | 4 | 9,500 |
| Newport
East | 11 | 77,470 |
| Newport
West | 11 | 78,350 |
| Ogmore | 4 | 23,998 |
| Pontypridd | 6 | 36,000 |
| Preseli
Pembrokeshire | 6 | 23,000 |
| Rhondda | 6 | 36,300 |
| Swansea
East | 8 | 47,500 |
| Swansea
West | 8 | 57,650 |
| Torfaen | 6 | 91,000 |
| Vale
of
Clwyd | 3 | 12,000 |
| Vale
of
Glamorgan | 5 | 21,000 |
| Wrexham | 2 | 12,500 |
| Ynys
Môn | 4 | 47,500 |
To ask the Secretary of State for Business, Innovation and Skills with reference to page 204 of HM Treasury's Central Government and Supply Estimates 2013-14, February 2014, HC 1006, if he will provide a breakdown of the £15.877 million supplementary estimate for the increase in costs of student loan debt...
To ask the Secretary of State for Business, Innovation and Skills with reference to page 204 of HM Treasury's Central Government and Supply Estimates 2013-14, February 2014, HC 1006, if he will provide a breakdown of the £15.877 million supplementary estimate for the increase in costs of student loan debt...
The Supplementary Estimate adjustment for the student loan debt sale relates to the Government subsidising the sale of student loans in 1998 and 1999. The adjustment reflects changes to the value of the Government liability following annual debt sale subsidy payments, including adjustments for cancelled loans.
The subsidy will continue until all the loans are extinguished which is expected to be no earlier than 2028, which is the 30 year duration of the first debt sale agreement.
Further details of the liability are available in the BIS Annual Report and Accounts.
To ask the Secretary of State for Business, Innovation and Skills with reference to page 201 of HM Treasury’s Central Government Supply Estimates 2013-14, Supplementary Estimates and New Estimates, February 2014, HC 1006, what factors led to the need for the revised forecast that gave rise to the reserve claim...
To ask the Secretary of State for Business, Innovation and Skills with reference to page 201 of HM Treasury’s Central Government Supply Estimates 2013-14, Supplementary Estimates and New Estimates, February 2014, HC 1006, what factors led to the need for the revised forecast that gave rise to the reserve claim...
The supplementary estimates claim covered additional impairment of up to £3.2 billion resulting from improvements made to the student loans repayment model. Significant changes were made to the model after main estimates 2013-14 which enabled the Department to make better use of historical earnings data, which in turn produced greater accuracy in modelling borrowers’ earnings paths. These changes, in addition to greater use of Student Loans Company data to support the model, have enabled us to address the historic over-forecasting of repayments.
The claim also included a contingency of £1.4 billion for any change to the Office for Budget Responsibility (OBR) economic forecasts between December 2013 and March 2014. If unusually low interest rates were forecast to continue for longer than expected, this would result in a cost to Government as future cash flows would be lower. Any changes to forecasts of earnings growth and RPI would also mean that lower loan repayments would be likely in future years The Department will continue to take account the possibility that the OBR will change its forecasts in March of future years.
Non-cash pressures of £0.4 billion from higher than forecast growth in the take-up of loans and pre-agreed claims of £0.7 billion for higher impairment charges identified at SR13 were also included.
The Department will continue to update its modelling of student loan repayments in the light of the latest data and forecasts, and methodological innovation.
My Rt hon Friend the Minister of State for Business and Energy (Michael Fallon) has today made the following statement.
I want to update the House on matters concerning UK Coal Production Ltd.
The Directors of UK Coal Production Ltd (UK Coal) approached the Government at the end of January 2014...
My Rt hon Friend the Minister of State for Business and Energy (Michael Fallon) has today made the following statement.
I want to update the House on matters concerning UK Coal Production Ltd.
The Directors of UK Coal Production Ltd (UK Coal) approached the Government at the end of January 2014...
I belatedly welcome the hon. Member for South Northamptonshire (Andrea Leadsom) to her new position as Economic Secretary to the Treasury. She served with some distinction for four years on the Treasury Committee. As a continuing member of the Committee, I congratulate her on her appointment and welcome her to...
I belatedly welcome the hon. Member for South Northamptonshire (Andrea Leadsom) to her new position as Economic Secretary to the Treasury. She served with some distinction for four years on the Treasury Committee. As a continuing member of the Committee, I congratulate her on her appointment and welcome her to...
One of those specialist providers is CUNA Mutual. CUNA is working with the largest credit union in my area, Plane Saver, which brings together British Airways staff and has been running for a number of years, and has developed what seems to be a way forward that provides at least...
One of those specialist providers is CUNA Mutual. CUNA is working with the largest credit union in my area, Plane Saver, which brings together British Airways staff and has been running for a number of years, and has developed what seems to be a way forward that provides at least...
I have indeed heard of the Plane Saver credit union, and I have been in touch with CUNA Mutual as well. I will talk later about the debt waiver system that they have introduced; it is one of a selection of protection products that should be available more widely in...
I have indeed heard of the Plane Saver credit union, and I have been in touch with CUNA Mutual as well. I will talk later about the debt waiver system that they have introduced; it is one of a selection of protection products that should be available more widely in...
Thank you for calling me to speak, Mrs Riordan. It is an honour to serve under your chairmanship, particularly as this is my first outing as a Minister in Westminster Hall.
I am very grateful to the hon. Member for Edmonton (Mr Love), a highly esteemed former colleague of mine on...
Thank you for calling me to speak, Mrs Riordan. It is an honour to serve under your chairmanship, particularly as this is my first outing as a Minister in Westminster Hall.
I am very grateful to the hon. Member for Edmonton (Mr Love), a highly esteemed former colleague of mine on...
I hear what the Minister is saying about all the developments and the work that both consultants and the regulator are doing in relation to protection policies, but unfortunately there has been very little impact on the market so far. That may be understandable in the context of the disaster...
I hear what the Minister is saying about all the developments and the work that both consultants and the regulator are doing in relation to protection policies, but unfortunately there has been very little impact on the market so far. That may be understandable in the context of the disaster...
Yes, I think I can give the hon. Gentleman some reassurance that the Government are committed to the proper development of alternative income protection products, which would certainly include the debt waiver. Obviously, as he has pointed out, there has been a real crisis in consumer trust in these products,...
Yes, I think I can give the hon. Gentleman some reassurance that the Government are committed to the proper development of alternative income protection products, which would certainly include the debt waiver. Obviously, as he has pointed out, there has been a real crisis in consumer trust in these products,...