Question

To ask Her Majesty’s Government whether they have plans to initiate a review of the sustainability of the student loans system.

There are no current plans to initiate a formal review of the student loans system in England.

The costs of the loan system are based on projections of graduate repayments over the next 35 years. These projections were revised in 2013-14 following changes to the student loan repayments model but will continue to fluctuate due to numerous macroeconomic variables, and present no immediate pressure on the system. Funding for new student loans is secure for the remainder of the Spending Review period.