Question to the Department for Education:

To ask the Secretary of State for Education, what assessment he has made of the effect on student loan repayments for people living in overseas countries experiencing hyperinflation.

The repayment of student loans is governed by the Education (Student Loans) (Repayment) Regulations 2009 (as amended). The Student Loans Company has arrangements in place to collect repayments from all borrowers who move away from the UK by establishing a repayment schedule based on the borrower’s income.

Overseas repayment thresholds are calculated using World Bank cost of living data, which is used to compare differences between the cost of living in the UK and other countries. This data is reviewed annually. The thresholds take account of living costs in different countries, so that repayments are based on ability to repay, wherever the borrower lives.