§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science how much his Department has paid, or plans to pay, to Price Waterhouse in consultancy, accountancy and research fees.
Mr. JacksonThe Department has paid £451,223 to Price Waterhouse for preparatory work on the top-up loans scheme. Future expenditure will depend upon the extent to which the Student Loans Company Ltd. makes use of Price Waterhouse's services.
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science how students who do not hold a bank account with any of the participants in the Student Loans Company will apply for the proposed top-up loan facility.
Mr. JacksonStudents will be required to apply for a loan through a branch of one of the financial institutions participating in the Student Loans Company.
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science if he will list those banks and building societies and other financial institutions with which his Department has had discussions concerning participation in the formation of Student Loans Company Ltd.
Mr. JacksonDiscussions have been held with a range of financial institutions, representing principally the bank and building society sectors.
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science if he will now publish the detailed cost-time estimates referred to in the initial Price Waterhouse feasibility study on the student loans scheme.
Mr. JacksonThe Price Waterhouse stage II report, placed in the House of Commons Library on 16 November, contained a revised implementation timetable. Administration costs are still subject to contractual negotiations.
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science if he will publish all contracts between his Department and the Student Loans Company or its participants.
Mr. JacksonThe memorandum of understanding was published on 16 November. Other agreements must remain confidential at this stage for commercial reasons.
51W
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science if he will update and publish annex E of the White Paper "Top-up Loans for Students", Cm. 520, taking into account(a) administration costs and (b) transaction fees of £12 per student loan application per year, on the assumptions of (x) 80 per cent., (y) 90 per cent. and (z) 100 per cent. take-up of the student loan
Table i(x) United Kingdom—3 per cent. inflation—80 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 167 0 103 1991 -22 -65 193 2 105 1992 -42 -64 216 9 103 1993 -61 -63 236 21 93 1994 -78 -61 255 39 78 1995 -95 -59 275 62 59 1996 -112 -59 297 83 42 1997 -131 -62 324 102 30 1998 -152 -63 356 119 22 1999 -172 -65 385 131 17 2000 -190 -65 410 142 13 2001 -206 -65 429 155 2 2002 -222 -65 450 176 -14 2003 -236 -65 469 192 -25 2004 -251 -65 488 203 -31 2005 -266 -65 506 211 -37 2006 -280 -65 523 217 -39 2007 -293 -65 541 220 -39 2008 -293 -65 541 231 -49 2009 -293 -65 541 251 -69 2010 -293 -65 541 275 -94 2011 -293 -65 541 296 -113 2012 -293 -65 541 313 -130 2013 -293 -65 541 329 -147 2014 -293 -65 541 345 -162 2015 -293 -65 541 357 -174 2016 -293 -65 541 367 -184 2017 -293 -65 541 375 -193 2018 -293 -65 541 383 -200 2019 -293 -65 541 388 -206 2020 -293 -65 541 393 -210 2021 -293 -65 541 399 -216 2022 -293 -65 541 404 -222 2023 -293 -65 541 407 -225 2024 -293 -65 541 410 -227 2025 -293 -65 541 411 -228 2026 -293 -65 541 411 -228 2027 -293 -65 541 412 -230 52W
Table i(y) United Kingdom—3 per cent. inflation—90 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 188 0 123 1991 -22 -64 217 2 129 1992 -42 -63 242 10 128 1993 -60 -62 265 23 120 1994 -78 -61 288 43 106 1995 -95 -60 310 68 87 1996 -112 -60 334 93 68 1997 -131 -61 365 115 58 1998 -152 -63 400 133 52 1999 -173 -64 434 147 50 2000 -190 -65 461 159 46 2001 -206 -65 484 176 37 2002 -222 -65 506 198 21 2003 -237 -65 528 216 10 2004 -252 -65 549 228 4 2005 -266 -65 569 238 1 2006 -280 -65 589 245 0 scheme and on the assumption of annual inflation at (i)3 per cent., (ii)4 per cent., (iii)5 per cent., (iv)6 per cent., (v)7 per cent. and (vi)8 per cent. up to the year 2027.
Mr. JacksonThe following 18 tables set out, on the same basis as annex E of Cm. 520, the financial effects of the scheme on the assumptions specified. They make no allowance for administrative costs (of which the transaction fee forms a part) as these are subject to contractual negotiations.
53W
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 2007 -293 -65 608 248 2 2008 -293 -65 608 260 -10 2009 -293 -65 608 283 -33 2010 -293 -65 608 310 -60 2011 -293 -65 608 333 -83 2012 -293 -65 608 351 -101 2013 -293 -65 608 371 -121 2014 -293 -65 608 387 -137 2015 -293 -65 608 401 -151 2016 -293 -65 608 412 -163 2017 -293 -65 608 423 -173 2018 -293 -65 608 430 -180 2019 -293 -65 608 436 -186 2020 -293 -65 608 442 -192 2021 -293 -65 608 448 -198 2022 -293 -65 608 455 -205 2023 -293 -65 608 458 -209 2024 -293 -65 608 460 -210 2025 -293 -65 608 462 -212 2026 -293 -65 608 463 -213 2027 -293 -65 608 464 -214
Table i(z) United Kingdom—3 per cent. inflation—100 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 209 0 144 1991 -22 -64 242 3 153 1992 -42 -63 269 11 153 1993 -60 -62 295 26 147 1994 -78 -61 320 48 133 1995 -95 -60 344 76 113 1996 -112 -60 371 104 95 1997 -131 -61 406 128 85 1998 -152 -63 444 148 82 1999 -173 -64 482 164 81 2000 -190 -65 512 177 80 2001 -206 -65 538 195 71 2002 -222 -65 562 220 55 2003 -237 -65 586 240 44 2004 -252 -65 610 253 40 2005 -266 -65 632 264 37 2006 -280 -65 654 272 38 2007 -293 -65 676 276 42 2008 -293 -65 676 289 29 2009 -293 -65 676 314 3 2010 -293 -65 676 344 -27 2011 -293 -65 676 370 -52 2012 -293 -65 676 390 -73 2013 -293 -65 676 412 -94 2014 -293 -65 676 430 -113 2015 -293 -65 676 446 -128 2016 -293 -65 676 458 -141 2017 -293 -65 676 469 -152 2018 -293 -65 676 478 -161 2019 -293 -65 676 484 -167 2020 -293 -65 676 491 -173 2021 -293 -65 676 498 -181 2022 -293 -65 676 505 -188 2023 -293 -65 676 509 -192 2024 -293 -65 676 511 -194 2025 -293 -65 676 513 -195 2026 -293 -65 676 514 -197 2027 -293 -65 676 515 -198 54W55W
Table ii(x) United Kingdom—4 per cent. inflation—80 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 167 0 102 1991 -28 -64 201 2 107 1992 -53 -63 230 9 105
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1993 -77 -62 257 21 97 1994 -99 -61 282 40 83 1995 -119 -60 307 63 64 1996 -140 -60 333 88 45 1997 -164 -61 366 109 32 1998 -189 -63 403 127 24 1999 -214 -64 438 142 18 2000 -235 -65 467 155 11 2001 -254 -65 491 173 -1 2002 -272 -65 514 196 -19 2003 -290 -65 536 215 -33 2004 -290 -65 536 228 -46 2005 -290 -65 536 238 -56 2006 -290 -65 536 245 -64 2007 -290 -65 536 248 -66 2008 -290 -65 536 258 -77 2009 -290 -65 536 279 -98 2010 -290 -65 536 303 -121 2011 -290 -65 536 322 -141 2012 -290 -65 536 336 -155 2013 -290 -65 536 351 -170 2014 -290 -65 536 363 -181 2015 -290 -65 536 372 -190 2016 -290 -65 536 378 -197 2017 -290 -65 536 384 -203 2018 -290 -65 536 389 -207 2019 -290 -65 536 392 -210 2020 -290 -65 536 395 -214 2021 -290 -65 536 400 -219 2022 -290 -65 536 405 -224 2023 -290 -65 536 408 -227 2024 -290 -65 536 409 -228 2025 -290 -65 536 410 -228 2026 -290 -65 536 410 -228 2027 -290 -65 536 410 -229 56W57W
Table ii(y) United Kingdom—4 per cent. inflation—90 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 188 0 123 1991 -28 -64 226 2 132 1992 -53 -63 259 10 133 1993 -77 -62 289 24 126 1994 -99 -61 317 45 113 1995 -119 -60 345 71 94 1996 -140 -60 375 99 76 1997 -164 -61 412 123 64 1998 -189 -63 453 143 58 1999 -214 -64 493 160 55 2000 -235 -65 525 175 50 2001 -254 -65 552 194 39 2002 -272 -65 578 221 20 2003 -290 -65 603 241 7 2004 -290 -65 603 256 -7 2005 -290 -65 603 268 -19 2006 -290 -65 603 276 -27 2007 -290 -65 603 279 -30 2008 -290 -65 603 291 -42 2009 -290 -65 603 314 -65 2010 -290 -65 603 341 -92 2011 -290 -65 603 362 -114 2012 -290 -65 603 378 -130 2013 -290 -65 603 395 -147 2014 -290 -65 603 408 -160 2015 -290 -65 603 418 -170 2016 -290 -65 603 426 -177 2017 -290 -65 603 432 -184 2018 -290 -65 603 437 -189 2019 -290 -65 603 441 -192 2020 -290 -65 603 445 -196 2021 -290 -65 603 451 -202 2022 -290 -65 603 456 -208 2023 -290 -65 603 459 -211
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 2024 -290 -65 603 460 -212 2025 -290 -65 603 461 -212 2026 -290 -65 603 461 -213 2027 -290 -65 603 461 -213
Table ii(z) United Kingdom—4 per cent. inflation—100 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 209 0 144 1991 -28 -64 251 3 156 1992 -53 -63 287 11 160 1993 -77 -62 321 26 156 1994 -99 -61 353 49 144 1995 -119 -60 383 79 125 1996 -140 -60 416 109 106 1997 -164 -61 458 136 96 1998 -189 -63 504 159 92 1999 -214 -64 548 178 92 2000 -235 -65 583 194 89 2001 -254 -65 613 216 79 2002 -272 -65 642 245 60 2003 -290 -65 670 268 47 2004 -290 -65 670 284 31 2005 -290 -65 670 297 18 2006 -290 -65 670 306 9 2007 -290 -65 670 310 6 2008 -290 -65 670 323 -7 2009 -290 -65 670 349 -33 2010 -290 -65 670 379 -63 2011 -290 -65 670 403 -87 2012 -290 -65 670 420 -105 2013 -290 -65 670 439 -123 2014 -290 -65 670 453 -138 2015 -290 -65 670 465 -149 2016 -290 -65 670 473 -158 2017 -290 -65 670 480 -165 2018 -290 -65 670 486 -170 2019 -290 -65 670 490 -174 2020 -290 -65 670 494 -179 2021 -290 -65 670 501 -185 2022 -290 -65 670 507 -191 2023 -290 -65 670 510 -195 2024 -290 -65 670 511 -196 2025 -290 -65 670 512 -196 2026 -290 -65 670 512 -197 2027 -290 -65 670 512 -197 58W59W
Table iii(x) United Kingdom—5 per cent. inflation—80 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan outlay Loan Repayments PSBR Effect 1990 0 -65 167 0 102 1991 -34 -64 209 2 109 1992 -65 -63 246 9 108 1993 -94 -62 279 22 101 1994 -120 -61 310 41 88 1995 -145 -60 340 66 68 1996 -170 -60 371 92 48 1997 -198 -61 409 116 34 1998 -227 -63 451 137 24 1999 -256 -64 492 154 17 2000 -280 -65 524 169 9 2001 -301 -65 551 190 -5 2002 -301 -65 551 216 -32 2003 -301 -65 551 238 -53 2004 -301 -65 551 252 -67 2005 -301 -65 551 263 -78 2006 -301 -65 551 270 -85 2007 -301 -65 551 271 -86 2008 -301 -65 551 280 -95 2009 -301 -65 551 300 -115
Year Change in Grant Change in Benefits Gross Loan outlay Loan Repayments PSBR Effect 2010 -301 -65 551 324 -139 2011 -301 -65 551 342 -138 2012 -301 -65 551 355 -170 2013 -301 -65 551 369 -184 2014 -301 -65 551 379 -194 2015 -301 -65 551 387 -202 2016 -301 -65 551 393 -208 2017 -301 -65 551 398 -213 2018 -301 -65 551 402 -217 2019 -301 -65 551 404 -220 2020 -301 -65 551 408 -223 2021 -301 -65 551 413 -228 2022 -301 -65 551 418 -233 2023 -301 -65 551 421 -236 2024 -301 -65 551 421 -236 2025 -301 -65 551 421 -237 2026 -301 -65 551 421 -237 2027 -301 -65 551 421 -237
Table iii(y) United Kingdom—5 per cent. inflation—90 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 188 0 123 1991 -34 -64 236 2 134 1992 -65 -63 276 10 138 1993 -94 -62 314 24 133 1994 -120 -61 349 46 121 1995 -145 -60 382 75 102 1996 -170 -60 417 104 83 1997 -198 -61 460 131 71 1998 -227 -63 508 154 64 1999 -256 -64 553 174 59 2000 -280 -65 589 191 54 2001 -301 -65 620 213 40 2002 -301 -65 620 244 10 2003 -301 -65 620 267 -14 2004 -301 -65 620 284 -30 2005 -301 -65 620 296 -42 2006 -301 -65 620 303 -50 2007 -301 -65 620 304 -51 2008 -301 -65 620 315 -61 2009 -301 -65 620 338 -84 2010 -301 -65 620 364 -111 2011 -301 -65 620 385 -132 2012 -301 -65 620 399 -146 2013 -301 -65 620 415 -161 2014 -301 -65 620 426 -173 2015 -301 -65 620 435 -182 2016 -301 -65 620 442 -188 2017 -301 -65 620 448 -194 2018 -301 -65 620 452 -199 2019 -301 -65 620 455 -201 2020 -301 -65 620 459 -205 2021 -301 -65 620 465 -211 2022 -301 -65 620 470 -217 2023 -301 -65 620 473 -220 2024 -301 -65 620 474 -220 2025 -301 -65 620 474 -220 2026 -301 -65 620 474 -220 2027 -301 -65 620 474 -220 60W61W
Table iii(z) United Kingdom—5 per cent. inflation—100 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 209 0 144 1991 -34 -64 262 3 160 1992 -65 -63 307 11 167 1993 -94 -62 348 27 165 1994 -120 -61 387 27 155 1995 -145 -60 424 83 136
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1996 -170 -60 463 116 118 1997 -198 -61 512 145 108 1998 -227 -63 564 171 103 1999 -256 -64 614 193 101 2000 -280 -65 655 212 98 2001 -301 -65 688 237 85 2002 -301 -65 688 271 52 2003 -301 -65 688 297 25 2004 -301 -65 688 315 7 2005 -301 -65 688 329 -6 2006 -301 -65 688 337 -15 2007 -301 -65 688 338 -16 2008 -301 -65 688 350 -27 2009 -301 -65 688 375 -53 2010 -301 -65 688 405 -82 2011 -301 -65 688 428 -106 2012 -301 -65 688 444 -121 2013 -301 -65 688 461 -138 2014 -301 -65 688 474 -151 2015 -301 -65 688 484 -161 2016 -301 -65 688 491 -168 2017 -301 -65 688 498 -175 2018 -301 -65 688 502 -180 2019 -301 -65 688 505 -183 2020 -301 -65 688 510 -188 2021 -301 -65 688 516 -194 2022 -301 -65 688 522 -200 2023 -301 -65 688 526 -203 2024 -301 -65 688 526 -204 2025 -301 -65 688 527 -204 2026 -301 -65 688 527 -204 2027 -301 -65 688 527 -204 62W63W
Table iv(x) United Kingdom—6 per cent. inflation—80 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 167 0 102 1991 -41 -64 218 2 110 1992 -77 -63 261 9 111 1993 -111 -62 300 22 105 1994 -141 -61 336 42 92 1995 -170 -60 371 69 72 1996 -198 -60 406 97 51 1997 -229 -61 449 123 36 1998 -262 -63 496 146 25 1999 -294 -64 540 166 16 2000 -296 -65 544 183 0 2001 -296 -65 544 205 -22 2002 -296 -65 544 235 -51 2003 -296 -65 544 257 -73 2004 -296 -65 544 271 -87 2005 -296 -65 544 280 -97 2006 -296 -65 544 284 -101 2007 -296 -65 544 282 -99 2008 -296 -65 544 288 -105 2009 -296 -65 544 307 -124 2010 -296 -65 544 329 -146 2011 -296 -65 544 345 -162 2012 -296 -65 544 356 -173 2013 -296 -65 544 369 -185 2014 -296 -65 544 378 -195 2015 -296 -65 544 385 -202 2016 -296 -65 544 390 -207 2017 -296 -65 544 395 -212 2018 -296 -65 544 399 -215 2019 -296 -65 544 400 -217 2020 -296 -65 544 404 -221 2021 -296 -65 544 409 -225 2022 -296 -65 544 414 -230 2023 -296 -65 544 416 -233 2024 -296 -65 544 416 -233 2025 -296 -65 544 416 -233
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 2026 -296 -65 544 416 -233 2027 -296 -65 544 416 -233
Table iv(y) United Kingdom—6 per cent. inflation—90 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 188 0 123 1991 -41 -64 245 2 137 1992 -77 -63 293 10 143 1993 -111 -62 338 25 140 1994 -141 -61 378 48 129 1995 -170 -60 417 78 109 1996 -198 -60 457 109 90 1997 -229 -61 505 138 77 1998 -262 -63 558 164 68 1999 -294 -64 607 186 63 2000 -296 -65 612 206 45 2001 -296 -65 612 231 20 2002 -296 -65 612 264 -13 2003 -296 -65 612 289 -37 2004 -296 -65 612 304 -53 2005 -296 -65 612 315 -64 2006 -296 -65 612 320 -69 2007 -296 -65 612 317 -66 2008 -296 -65 612 324 -73 2009 -296 -65 612 345 -94 2010 -296 -65 612 370 -119 2011 -296 -65 612 389 -137 2012 -296 -65 612 401 -149 2013 -296 -65 612 415 -163 2014 -296 -65 612 425 -174 2015 -296 -65 612 433 -182 2016 -296 -65 612 439 -188 2017 -296 -65 612 444 -193 2018 -296 -65 612 448 -197 2019 -296 -65 612 451 -199 2020 -296 65 612 454 -203 2021 -296 -65 612 460 -209 2022 -296 -65 612 465 -214 2023 -296 -65 612 468 -217 2024 -296 -65 612 468 -217 2025 -296 -65 612 468 -217 2026 -296 -65 612 468 -217 2027 -296 -65 612 468 -217 64W65W
Table iv(z) United Kingdom—6 per cent. inflation—100 per cent. take-up (million. 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 209 0 144 1991 -41 -64 272 3 164 1992 -77 -63 326 11 174 1993 -111 -62 375 28 175 1994 -141 -61 420 53 165 1995 -170 -60 463 86 147 1996 -198 -60 507 121 128 1997 -229 -61 561 154 117 1998 -262 -63 619 182 112 1999 -294 -64 675 207 110 2000 -296 -65 680 229 91 2001 -296 -65 680 257 63 2002 -296 -65 680 293 26 2003 -296 -65 680 321 -1 2004 -296 -65 680 338 -19 2005 -296 -65 680 350 -31 2006 -296 -65 680 355 -36 2007 -296 -65 680 352 -33 2008 -296 -65 680 360 -41 2009 -296 -65 680 383 -64 2010 -296 -65 680 411 -92 2011 -296 -65 680 432 -113
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 2012 -296 -65 680 445 -126 2013 -296 -65 680 461 -141 2014 -296 -65 680 472 -153 2015 -296 -65 680 481 -162 2016 -296 -65 680 488 -169 2017 -296 -65 680 494 -175 2018 -296 -65 680 498 -179 2019 -296 -65 680 501 -181 2020 -296 -65 680 505 -186 2021 -296 -65 680 511 -192 2022 -296 -65 680 517 -198 2023 -296 -65 680 520 -201 2024 -296 -65 680 520 -201 2025 -296 -65 680 520 -201 2026 -296 -65 680 520 -201 2027 -296 -65 680 520 -201
Table v(x) United Kingdom—7 per cent. inflation—80 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 167 0 102 1991 -47 -64 226 2 112 1992 -89 -63 276 9 114 1993 -127 -62 321 23 109 1994 -161 -61 362 44 96 1995 -193 -60 400 72 75 1996 -223 -60 439 102 54 1997 -258 -61 486 130 37 1998 -294 -63 536 155 25 1999 -301 -64 549 176 7 2000 -303 -65 553 195 -10 2001 -303 -65 553 219 -34 2002 -303 -65 553 250 -65 2003 -303 -65 553 273 -87 2004 -303 -65 553 286 -101 2005 -303 -65 553 294 -109 2006 -303 -65 553 297 -112 2007 -303 -65 553 293 -107 2008 -303 -65 553 297 -112 2009 -303 -65 553 315 -130 2010 -303 -65 553 337 -152 2011 -303 -65 553 353 -168 2012 -303 -65 553 364 -179 2013 -303 -65 553 376 -191 2014 -303 -65 553 385 -200 2015 -303 -65 553 392 -207 2016 -303 -65 553 398 -212 2017 -303 -65 553 402 -217 2018 -303 -65 553 406 -220 2019 -303 -65 553 407 -222 2020 -303 -65 553 411 -226 2021 -303 -65 553 416 -321 2022 -303 -65 553 421 -235 2023 -303 -65 553 423 -238 2024 -303 -65 553 423 -238 2025 -303 -65 553 423 -238 2026 -303 -65 553 423 -238 2027 -303 -65 553 423 -238 66W67W
Table v(y) United Kingdom—7 per cent. inflation—90 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 188 0 123 1991 -47 -64 254 2 140 1992 -89 -63 310 10 148 1993 -127 -62 361 26 146 1994 -161 -61 407 49 136 1995 -193 -60 450 81 116 1996 -223 -60 494 114 96 1997 -258 -61 547 146 82
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1998 -294 -63 603 174 72 1999 -301 -64 618 198 54 2000 -303 -65 622 220 35 2001 -303 -65 622 247 8 2002 -303 -65 622 281 -27 2003 -303 -65 622 307 -52 2004 -303 -65 622 322 -68 2005 -303 -65 622 331 -77 2006 -303 -65 622 334 -80 2007 -303 -65 622 329 -75 2008 -303 -65 622 335 -80 2009 -303 -65 622 355 -101 2010 -303 -65 622 379 -125 2011 -303 -65 622 398 -143 2012 -303 -65 622 409 -155 2013 -303 -65 622 423 -169 2014 -303 -65 622 433 -179 2015 -303 -65 622 442 -187 2016 -303 -65 622 447 -193 2017 -303 -65 622 453 -198 2018 -303 -65 622 456 -202 2019 -303 -65 622 458 -204 2020 -303 -65 622 462 -208 2021 -303 -65 622 468 -213 2022 -303 -65 622 473 -219 2023 -303 -65 622 476 -222 2024 -303 -65 622 476 -222 2025 -303 -65 622 476 -222 2026 -303 -65 622 476 -222 2027 -303 -65 622 476 -222 68W69W
Table v(z) United Kingdom—7 per cent. inflation—100 per cent. take–up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 209 0 144 1991 -47 -64 282 3 168 1992 -89 -63 345 11 181 1993 -127 -62 401 28 184 1994 -161 -61 452 55 175 1995 -193 -60 500 90 157 1996 -223 -60 549 127 138 1997 -258 -61 607 162 126 1998 -294 -63 670 193 120 1999 -301 -64 686 221 100 2000 -303 -65 691 244 79 2001 -303 -65 691 274 49 2002 -303 -65 691 313 11 2003 -303 -65 691 341 -17 2004 -303 -65 691 358 -34 2005 -303 -65 691 368 -45 2006 -303 -65 691 371 -48 2007 -303 -65 691 366 -42 2008 -303 -65 691 372 -48 2009 -303 -65 691 394 -71 2010 -303 -65 691 422 -98 2011 -303 -65 691 442 -118 2012 -303 -65 691 455 -131 2013 -303 -65 691 470 -147 2014 -303 -65 691 482 -158 2015 -303 -65 691 491 -167 2016 -303 -65 691 497 -173 2017 -303 -65 691 503 -179 2018 -303 -65 691 507 -184 2019 -303 -65 691 509 -186 2020 -303 -65 691 513 -190 2021 -303 -65 691 520 -196 2022 -303 -65 691 526 -202 2023 -303 -65 691 529 -205 2024 -303 -65 691 529 -206 2025 -303 -65 691 529 -206 2026 -303 -65 691 529 -206 2027 -303 -65 691 529 -206
Table vi(x) United Kingdom—8 per cent. inflation—80 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 167 0 102 1991 -53 -64 234 2 114 1992 -100 -63 290 9 117 1993 -142 -62 340 23 113 1994 -180 -61 386 45 100 1995 -214 -60 428 75 79 1996 -248 -60 470 106 56 1997 -285 -61 520 136 38 1998 -293 -63 535 163 16 1999 -300 -64 548 186 -3 2000 -302 -65 552 206 -21 2001 -302 -65 552 231 -46 2002 -302 -65 552 262 -77 2003 -302 -65 552 284 -99 2004 -302 -65 552 296 -111 2005 -302 -65 552 303 -118 2006 -302 -65 552 303 -118 2007 -302 -65 552 297 -112 2008 -302 -65 552 300 -115 2009 -302 -65 552 317 -133 2010 -302 -65 552 339 -154 2011 -302 -65 552 354 -169 2012 -302 -65 552 364 -179 2013 -302 -65 552 376 -191 2014 -302 -65 552 385 -200 2015 -302 -65 552 392 -207 2016 -302 -65 552 397 -212 2017 -302 -65 552 402 -217 2018 -302 -65 552 405 -220 2019 -302 -65 552 406 -222 2020 -302 -65 552 410 -225 2021 -302 -65 552 415 -230 2022 -302 -65 552 420 -235 2023 -302 -65 552 422 -237 2024 -302 -65 552 422 -237 2025 -302 -65 552 422 -237 2026 -302 -65 552 422 -237 2027 -302 -65 552 422 -237 70W71W
Table vi(y) United Kingdom—8 per cent. inflation—90 per cent. take-up (million, 1990 prices) Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 188 0 123 1991 -53 -64 263 2 143 1992 -100 -63 326 10 153 1993 -142 -62 383 26 153 1994 -180 -61 434 51 142 1995 -214 -60 481 84 123 1996 -248 -60 528 119 101 1997 -285 -61 585 153 86 1998 -293 -63 602 183 63 1999 -300 -64 616 210 42 2000 -302 -65 621 232 22 2001 -302 -65 621 259 -6 2002 -302 -65 621 294 -41 2003 -302 -65 621 319 -66 2004 -302 -65 621 333 -79 2005 -302 -65 621 340 -87 2006 -302 -65 621 341 -87 2007 -302 -65 621 334 -80 2008 -302 -65 621 338 -84 2009 -302 -65 621 357 -103 2010 -302 -65 621 381 -127 2011 -302 -65 621 398 -145 2012 -302 -65 621 410 -156 2013 -302 -65 621 423 -169 2014 -302 -65 621 433 -180 2015 -302 -65 621 441 -187 2016 -302 -65 621 447 -193 2017 -302 -65 621 452 -198
Year Change in Grant Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 2018 -302 -65 621 455 -202 2019 -302 -65 621 457 -203 2020 -302 -65 621 461 -207 2021 -302 -65 621 467 -213 2022 -302 -65 621 472 -218 2023 -302 -65 621 475 -221 2024 -302 -65 621 475 -221 2025 -302 -65 621 475 -221 2026 -302 -65 621 475 -221 2027 -302 -65 621 475 -221
Table vi(z) United Kingdom—8 per cent inflation—100 per cent. take-up (million, 1990 prices) Year Change in Grants Change in Benefits Gross Loan Outlay Loan Repayments PSBR Effect 1990 0 -65 209 0 144 1991 -53 -64 292 3 172 1992 -100 -63 363 11 188 1993 -142 -62 425 29 192 1994 -180 -61 482 56 185 1995 -214 -60 534 93 167 1996 -248 -60 587 133 147 1997 -285 -61 650 170 134 1998 -293 -63 669 204 109 1999 -300 -64 684 233 87 2000 -302 -65 690 258 65 2001 -302 -65 690 288 35 2002 -302 -65 690 327 -4 2003 -302 -65 690 355 -32 2004 -302 -65 690 370 -47 2005 -302 -65 690 378 -55 2006 -302 -65 690 379 -56 2007 -302 -65 690 371 -48 2008 -302 -65 690 375 -52 2009 -302 -65 690 397 -74 2010 -302 -65 690 423 -100 2011 -302 -65 690 443 -120 2012 -302 -65 690 455 -132 2013 -302 -65 690 470 -147 2014 -302 -65 690 482 -159 2015 -302 -65 690 490 -167 2016 -302 -65 690 496 -174 2017 -302 -65 690 502 -179 2018 -302 -65 690 506 -183 2019 -302 -65 690 508 -185 2020 -302 -65 690 512 -189 2021 -302 -65 690 518 -196 2022 -302 -65 690 525 -202 2023 -302 -65 690 528 -205 2024 -302 -65 690 528 -205 2025 -302 -65 690 528 -205 2026 -302 -65 690 528 -205 2027 -302 -65 690 528 -205
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science if premises have yet been secured by the Student Loans Company; and if the company's chief executive has yet been appointed.
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science when he plans to publish his revised start-up costs for the Student Loans Company; and if the running costs have been revised.
Mr. JacksonThese costs are the subject of contractual negotiations and must remain confidential at this stage for commercial reasons.
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science whether any of the participating72W financial institutions in the Student Loans Company has proposed the payment of an indemnity in the event of a change of policy or a change of Government.
Mr. JacksonThe terms on which financial institutions are to participate are subject to confidential contractual negotiations.
§ Mr. Andrew SmithTo ask the Secretary of State for Education and Science whether the Student Loans Company will be wholly funded by his Department; whether he proposes that participating financial institutions can cease to participate at any time; and what financial penalties are proposed for such withdrawal.
Mr. JacksonI expect the Student Loans Company to be funded by the Education departments for both the loan 73W principal and running costs. The terms on which financial institutions will participate in the company are subject to contractual negotiation.