Question to the Department for Education:
To ask the Secretary of State for Education, what the cost to his Department has been of the (a) sale of student loan book and (b) servicing of student loan debt.
The advisory and transaction costs were circa £16 million from 2013/14 to the closing of the first sale in December 2017. The costs of servicing the sold loans are being charged to investors on a cost recovery basis, uprated annually in line with the retail price index.