Question to the Department for Education:

To ask Her Majesty's Government which investors purchased student loans sold by the Government as part of the £1.7 billion sale of Pre-2012 (Plan 1) Income Contingent Student Loans in December 2017.

The sale from the pre-2012 (plan 1) English student loan book, which was completed in December 2017, took place by means of a securitisation. This involved transferring the loan pool to a new independent English-domiciled company (“the Issuer”). This company is registered as ‘Income Contingent Student Loans 1 (2002-2006) Plc’. In turn the Issuer has issued to investors securities in the form of notes representing the rights to the remaining future repayments.

The individual names of investors are commercially sensitive and are not publicly available.