§ Mr. Bryan DaviesTo ask the Secretary of State for Education and Employment if she will make a statement on the contracts awarded to(a) NM Rothschild for advice on the sale of student loan debt and (b) Shreeveport for advice on the contracting out of the work of the Student Loans Company, indicating (i) their costs and (ii) their duration. [6941]
§ Mr. ForthWe expect the duration of the contracts to be between nine months to a year. Costs are dependent on the daily fee rates charged and the use made of those478W companies by the Department. Individual fee rates negotiated between the Department and the advisers are confidential.