Question to the Department for Education:

To ask the Secretary of State for Education, what information her Department holds on the number of people in the South Basildon and East Thurrock constituency who have fully repaid their Plan 2 student loan.

There are 330 people with contact postcodes held by the Student Loan Company (SLC) indicating they live in the South Basildon and East Thurrock constituency who have repaid their plan 2 Student Loan.

There are 6,530 people in the constituency who currently have outstanding plan 2 student loans; of which 5,700 borrowers have loans that have become liable to repay as they are beyond the statutory repayment due date.

In the 2024/25 financial year, 2,100 plan 2 borrowers with loans that had become liable to repay made regular repayments but saw their outstanding balance increase as the total interest added exceeded the total amount repaid over the year. Outstanding debt, including interest, is cancelled at the end of the loan term, with no detriment to the borrower.

For this analysis, a borrower is deemed to have made regular repayments if they have made at least four repayments in the 2024/25 financial year. This may include borrowers who stopped their regular repayments or ceased being liable to repay part-way through the year.

This will include borrowers who were resident in South Basildon and East Thurrock constituency, including at parental addresses, when they applied for the loan and have not informed the SLC of a subsequent change of address.

(Borrower numbers rounded to the nearest 10).