HC Deb 21 March 1989 vol 149 cc499-501W
Mr. Andrew Smith

To ask the Secretary of State for Education and Science if he will provide calculations on the cost and savings of the top-up loans scheme, as illustrated in annex E of the White Paper in respect of (a) net change in grant, (b) net change in benefits, (c) gross loan outlay, (d) loan repayments and (e) public sector borrowing requirement effect for each of the years from 1990 to 2027, as in annex E of Cm 520, on the basis of (a) 90 per cent. take-up and (b) 100 per cent. take-up of the student loans scheme.

Mr. Jackson

The costs and savings arising from top-up loans, calculated on the assumptions used in Cm 520, are shown below for the different take-up levels specified. Also shown, for comparison, is the effect of the 80 per cent. take-up level assumed in Cm 520.

(£ million, 1990 prices)
Net change in grant Net change in benefits Gross loan outlay Loan repayments PSBR effect
80 per cent, take up
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 -39
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
90 per cent, take up
1990 0 -65 188 0 123
1991 -22 -65 217 -2 129
1992 -42 -64 242 -10 128
1993 -61 -63 265 -23 120
1994 -78 -61 288 -43 106
1995 -95 -59 310 -68 87
1996 -112 -59 334 -93 69
1997 -131 -62 365 -115 58
1998 -152 -63 400 -133 52
1999 -172 -65 434 -147 50
2000 -190 -65 461 -159 46
2001 -206 -65 484 -176 37
2002 -222 -65 506 -199 21
2003 -236 -65 528 -216 10
2004 -251 -65 549 -228 4
2005 -266 -65 569 -238 1
2006 -280 -65 589 -245 -1
2007 -293 -65 608 -248 2
2008 -293 -65 608 -260 -10
Net change in grant Net change in benefits Gross loan outlay Loan repayments PSBR effect
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 -413 -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 -459 -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
100 per cent, take up
1990 0 -65 209 0 144
1991 -22 -65 242 -3 153
1992 -42 -64 269 -11 154
1993 -61 -63 295 -26 147
1994 -78 -61 320 -48 133
1995 -95 -59 344 -76 113
1996 -112 -59 371 -104 95
1997 -131 -62 406 -128 85
1998 -152 -63 445 -148 82
1999 -172 -65 482 -164 81
2000 -190 -65 512 -177 80
2001 -206 -65 538 -195 71
2002 -222 -65 562 -221 55
2003 -236 -65 586 -240 44
2004 -251 -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 -470 -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