§ Mr. BerryTo ask the Secretary of State for Education and Skills what estimate he has made of the value of fee repayments by graduates arising from his proposals for variable top-up fees, in each year from 2008 to 2020. [149387]
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§ Alan JohnsonThe value of fee repayments will depend on the number of students that decide to defer payment of their fees and take out a fee loan; on the levels of fees that institutions decide to charge; and on the earnings of the graduate population overtime. It is not possible to predict these numbers with certainty and therefore it would not be meaningful to estimate the value of fee repayments year-by-year, given the uncertainties above.
Estimates of the cost of fee loans using a variety of different scenarios are contained in the Regulatory Impact Assessment published on 8 January alongside the HE Bill. Copies of the Regulatory Impact Assessment were placed in the Library of the House; it is also available on the Department for Education and Skills website.