§ Tim LoughtonTo ask the Secretary of State for Education and Skills how many former students have had their student loan liabilities cancelled owing to bankruptcy. [120385]
§ Alan Johnson[holding answer 19 June 2003]: No loans have been written off since Margaret Hodge's written statement to Parliament on bankruptcy and student loans, made on 15 May. The Student Loans Company (SLC) are now taking this forward.
The SLC have identified 633 bankrupt borrowers, with a total of £2.4 million in outstanding loan balances to be written off. Against a customer base of 2.4 million and a total loan book of £10 billion, the proportion of affected borrowers is very small.