§ Chris GraylingTo ask the Secretary of State for Education and Skills with how many graduates who were in receipt of income contingent loans the Student Loans Company has lost contact since graduation; and what proportion of the total this represents. [155453]
§ Alan JohnsonData from the Student Loans Company indicate that it is currently attempting to trace 3,400 borrowers. This represents 0.4 per cent. of the total number of borrowers who will have entered liability to repay up to and including April 2004.
§ Chris GraylingTo ask the Secretary of State for Education and Skills if he will provide a breakdown by expenditure category of the £2 billion annual Government spending on student loans referred to in Note 82 on Page 16 of the Explanatory Notes for the Higher Education Bill [155455]
§ Alan JohnsonThe figure of £2 billion in Note 82 on Page 16 of the Explanatory Notes for the Higher Education Bill refers to the annual cash cost to the Government of issuing student loans.
In financial year 2002–03, the amount lent to England and Wales domiciled borrowers in student loans was £2,293 million, of which £2,278 million was in respect of income contingent loans, and £15 million was in respect of mortgage style loans.