Students: Loans

(asked on 9th November 2015) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the likely impact of proposed changes to student loan repayment thresholds on repayment regimes for those students who take out 24+ Advanced Learner Loan and who study for an Access to HE qualification but then do not complete an HE qualification.


Answered by
 Portrait
Nick Boles
This question was answered on 19th November 2015

Where a learner takes out a loan to fund an Access to HE Diploma course, and then goes on to complete their HE Diploma course, then the 24+ Advanced Learning Loan is written off.


The impact of freezing the threshold for students who take out 24+ Advanced Learning Loans to study for an Access to HE qualification but do not complete an HE qualification will be similar to the impact for all 24+ Advanced Learning Loan borrowers.


Estimates of the impact of freezing the repayment thresholds for 24+ Advanced Learning Loans borrowers are illustrated in the consultation document, which has been published here:

https://www.gov.uk/government/consultations/freezing-the-student-loan-repayment-threshold

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