Students: Loans
(asked on 24th March 2021) - View Source
Question to the Department for Education:
To ask Her Majesty's Government what amount of student debt has been sold in each of the past five years; and at what value.
Answered by
Lord Parkinson of Whitley Bay
Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
This question was answered on 12th April 2021
The government has carried out 2 sales of student loans in the past 5 years. The first sale, completed in December 2017, achieved £1.7 billion from a cohort of loans with a face value of £3.5 billion. The second sale, completed in December 2018, achieved £1.9 billion from a cohort of loans with a face value of £3.9 billion.