§ Mr. BercowTo ask the Secretary of State for Education and Skills what the administration costs of the Student Loans Company were in 2000–01; and what she expects them to be in 2001–02. [21299]
§ Margaret HodgeThe Student Loans Company's provisional outturn of administration costs in 2000–01 was £47.5 million (cash). The final figure will be included in the company's 2000–01 annual report which is expected to be published in mid-December 2002. Copies of this document will be placed in the Libraries of both of the Houses of Parliament.
The planned administration expenditure for 2001–02 is £55 million.
Both of these figures are provided on a UK basis, and include funding from the private sector to cover the administration of the two sold loan portfolios.