Question to the Department for Education:

To ask the Secretary of State for Education, if her Department will make an estimate of the median level of student debt held by people in Leicester East constituency.

The median debt of full-time undergraduate borrowers funded by Student Finance England whose postcode is within the Leicester East constituency and who entered repayment within the last five years is £41,493.29. The median debt includes tuition fee and maintenance loans.

The borrowers’ postcode refers to the current contact or home address supplied by the borrower to the Student Loans Company.

As student loan repayments are income contingent, the amount of loan debt repaid varies with earnings. At a national level amongst borrowers starting study in the 2022/23 academic year, individuals in the lowest forecast earnings decile (who earn less than 90% of other loan borrowers over their lifetime) are estimated to repay 7% of loan outlay borrowed. Those in the top 30% of lifetime earners are expected to repay their loans in full in under 30 years. More information is available at: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2022-23.