§ Mr. WillisTo ask the Secretary of State for Education and Skills how many undergraduate students in England have declared themselves bankrupt in each year since 1992; and if he will make a statement. [151713]
§ Alan Johnson[holding answer 29 January 2004]The following table shows the number of student loan borrowers, both graduates and undergraduates, who have had bankruptcy orders made against them since 1992. There are no figures showing undergraduates as a separate group.
Bankrupt year1 Number of borrowers2,3,4,5 1992 8 1993 13 1994 22 1995 40 1996 49 1997 77 1998 97 1999 142 2000 153 2001 249 2002 276 2003 6899 Total 2,025 1Calendar year in which the borrower became bankrupt. 2Data show the number of student loan borrowers. 3Includes borrowers who may or may not have graduated from their course. 4Includes all types of students (including PGCE—Postgraduate Certificate of Education students). 5Data cover both types of student loan—Mortgage Style (including loans sold to the private sector) and Income Contingent. 6The increase in the numbers of bankruptcies in 2003 seems to be as a result of greater public awareness that students loans are provable in bankruptcy. Source:
Students Loans Company.