HL Deb 27 July 1999 vol 604 c162WA
Lord Bach

asked Her Majesty's Government:

What plans they have for the future of the competition to sell a third portfolio of student loan debt. [HL3917]

Baroness Blackstone

We have successfully completed two sales of student loan debt in the financial years 1997–98 and 1998–99.

A decision on the future timing of the third sale will be taken following the implementation of the new student support arrangements later this year, the 2000 Review and the outcome of the Review of Administration of Student Support, which is also due to report in 2000.

The postponement of the third sale will have no impact on borrowers. Sold loans will remain in the hands of the private sector owners and the remainder will stay in public ownership. The Student Loans Company continues to administer all loans as before.