Question to the Department for Education:
To ask the Secretary of State for Education, pursuant to the Answer of 26 April 2018 to Question 137156 on Students: Loans, what estimate he has made of the increase in the average level of debt held by students on graduation as a result of the increase in March of the retail prices index to 3.3 percent.
The increase in student loan interest rates from 1 September 2018 will only affect a minority of borrowers. They will either pay back the full amount, or almost the full amount, of their student loans. The government expects that around 30% to 35% of post-2012 borrowers with higher education loans and 40% to 45% of borrowers with advanced learner loans will repay their student loans in full.