§ Dr. CableTo ask the Chancellor of the Exchequer how much was received by the Inland Revenue in student loan repayment in each month in financial years(a) 2002–03 and (b) 2003–04; and when the payments were transferred to the Student Loan Company. [166117]
§ Dawn PrimaroloLatest information on the recovery of student loans through the tax system and payments to the Department for Education and Skills (DfES) of loans recovered is shown in Note 5 to the Trust Statement in Appendix 1 of the Inland Revenue Annual Report for the year ending 31 March 2003. An estimate of loans recovered, and payment to DfES, for 2003–04 will be published in the 2004 report.
Monthly figures for receipts are not available as student loan deductions made by employers are reported to the Inland Revenue after the end of the tax year.