Question to the Department for Education:

To ask the Secretary of State for Education, what estimate he has made of the total level of student debt by 2029.

The total level of student debt across the whole student finance loan book for England at the end of the 2028/29 financial year is forecast to be £355.5 billion or £323 billion in 2025/26 prices. These figures are published annually and are available at: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2025-26.

For comparison, the total student loan balance for England at the end of 2025/26 was £296.6 billion, as published by the Student Loans Company, available at: https://www.gov.uk/government/statistics/student-loans-in-england-2025-to-2026/student-loans-in-england-financial-year-2025-26.