Asked by: Lord Johnson of Marylebone (Conservative - Life peer)
Question to the Department for Education:
To ask His Majesty's Government what is their most recent estimate of (1) the Resource Accounting and Budgeting charge, and (2) the estimated cost to Government of their support for the student finance system, based on future loan write-offs and interest subsidies, (a) in net present-value terms, and (b) as a proportion of the initial loan outlay.
Answered by Baroness Barran
In the 2022/23 financial year, the Resource Accounting and Budgeting (RAB) charge, which is the government subsidy on student loans, was £5.5 billion, or 27% of the £20.0 billion of loans issued that financial year.
Of student loans issued in 2023/24, the government is expected to subsidise about £5.6 billion, or:
These forecasts are subject to change. The next statistical publication on student finance forecasts, which will contain the final RAB figures for the 2023/24 financial year, will be available at the end of June 2024.
Asked by: Lord Johnson of Marylebone (Conservative - Life peer)
Question to the Cabinet Office:
To ask His Majesty's Government what plans they have to review their statistical methods regarding the inclusion of international students on postgraduate taught courses in net migration figures.
Answered by Baroness Neville-Rolfe - Minister of State (Cabinet Office)
The information requested falls under the remit of the UK Statistics Authority.
Please see the letter attached from the National Statistician and Chief Executive of the UK Statistics Authority.
The Right Hon. the Lord Johnson of Marylebone
House of Lords
London
SW1A 0PW
19 April 2024
Dear Lord Johnson,
As National Statistician and Chief Executive of the UK Statistics Authority, I am responding to your Parliamentary Question asking what plans there are to review the statistical methods regarding the inclusion of international students on postgraduate taught courses in net migration figures (HL3762).
The Office for National Statistics (ONS) is responsible for publishing long-term international migration statistics. The most recent edition is for year-ending (YE) June 2023[1].
Net international migration accounts for a significant part of population change. Therefore, it is important that long-term international migration estimates account for those joining or leaving the UK population for all reasons, including international students (on both undergraduate and postgraduate courses). This ensures that the size of the population can be measured and the impact of migration on the economy and service requirements can be understood.
However, I recognise that there is also a user need for estimates of specific groups such as international students, as well as the need to understand the contribution of students to net international migration. Therefore, the latest long-term international migration estimates for YE June 2023 include breakdowns by reason for migration.
Alongside the latest estimates, the ONS also published an article named Reason for international migration: international students update: November 2023[2]. This presents further analysis of net migration of non-EU international students up to the YE June 2023 along with cohort analysis that provides insight on the changing behaviours of international students. This includes how long they spend studying in the UK before emigrating or, for example, transitioning onto work visas.
The ONS are continuing to develop their research in this area to provide more granular estimates, further insights on migration patterns of international students and identify priority areas for further research based on user priorities. Afurther update on this work will be published in May 2024, including estimates of international student migration for the YE December 2023.
Yours sincerely,
Professor Sir Ian Diamond