Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of the quality of information provided to potential students before they apply for a student loan; and if he will make a statement.

The Student Loans Company provides guidance material to help prospective students understand what financial support they may be eligible for, the interest rates and repayment terms. Information is available on the SLC website and through a range of other sources. All students taking out a loan must sign a declaration confirming they have read and understood the terms and conditions of the loan, before their loan is paid. The student’s guide to their terms and conditions clearly sets out, amongst other things, (a) the interest rates that the student will be charged, (b) when they will start repaying and (c) when interest starts accruing.