§ Ms KellyTo ask the Secretary of State for Education and Employment if he will list(a) the number of successful applicants for career development loans for the years (i) 1995, (ii) 1996, (iii) 1997, (iv) 1998 and (v) 1999, broken down by (1) sex, (2) age, (3) previous employment sector and (4) loan issued and repayment period and (b) the number of recipients of career development loans who defaulted on repayment of their loans, broken down by (A) sex, (B) age, (C) previous employment sector and (D) loan amount and repayment period. [91164]
359W
§ Mr. MudieThe information is provided in the tables.
Career development loans taken out 1994–95 1995–96 1996–97 1997–98 1998–99 Total loans 15,169 13,287 12,189 12,656 12,747 Male (percentage) 63 61 58 59 65.5 Female (percentage) 37 39 42 41 37.5 Under age 20 (percentage) 2 2 2 3 5 Age 20–24 (percentage) 33 33 34 31 25 Age 25–29 (percentage) 25 25 24 25 25 Age 30–39 (percentage) 25 25 26 27 29 Age 40–49 (percentage) 12 12 11 11 12 Age 50 and over (percentage) 3 3 3 3 4 Employment status at application Full-time (percentage) 31 32 32 35 39 Part-time (percentage) 8 9 11 13 13 Self-employed (percentage) 5 4 4 5 4 Unemployed (percentage) 33 32 31 26 21 Students (percentage) 20 18 16 16 17 Others (percentage) 3 4 4 5 6 Average loan (£) 3,468 3,555 3,635 3,860 3,921 Loans Under £1,000 (percentage) 1— 1— 1— 1— 6 £1,001–2,500 (percentage) 1— 1— 1— 1— 34 £2,501–5,000 (percentage) 1— 1— 1— 1— 31 £5,000–8,000 (percentage) 1— 1— 1— 1— 29 1 Breakdown of loan amount for years prior to 1998–99 is not readily available and could be obtained only at disproportionate cost Note:
Information about loan repayment periods is not held as loans are with the banks rather than DfEE. The maximum repayment period is 5 years.
Career development loans defaulted Year Total number defaulted 1994–95 2,174 1995–96 2,322 1996–97 2,166 1997–98 1,647 1998–99 1,654 360W
Breakdown of defaulted loans in 1998–99 Percentage Male 68 Female 32 Under age 20 1 Age 20–24 14 Age 25–29 31 Age 30–39 34 Age 40–49 15 Age 50 and over 5 Employment status at application Full-time 26 Part-time 9.5 Self-employed 4 Unemployed 40 Student 17 Other 3.5 Original loan amount Under £1,000 8 £1,001–2,500 27 £2,501–5,000 30 £5,001–8,000 35 Notes:
1. Years relate to year in which loan defaulted, not year in which loan was taken out.
2. Breakdown of defaults for years prior to 1998–99 is not readily available and could be obtained only at disproportionate cost.
3. Information about loan repayment periods is not held as loans are with the banks rather than DfEE