Question to the Department for Education:

To ask the Secretary of State for Education, whether he has made an assessment of the implications for his policies of the Graduate Contributions Statement proposed by the Russell Group and MoneySavingExpert; and if he will make a statement.

The government is always looking for ways to improve communications with borrowers, and we welcome this contribution to the post-18 review of education and funding from the Russell Group and Martin Lewis from Money Saving Expert on the Graduate Contributions Statement. Work on the review is still ongoing. The independent panel will report before the government concludes the overall review.

The current student loan statements are fit for purpose, providing borrowers with the relevant information about their accounts, including loans balance, repayments made and interest accrued over the previous tax year. Student loan borrowers currently receive account statements annually. We are continually working to improve the repayment system for borrowers and are currently exploring how students taking out a student loan can have better online access to much more up to date information on their repayments.