Students: Loans
The question
To ask the Secretary of State for Education, what information she holds on the number of student loan borrowers whose repayment balances have increased despite making regular payments.
Answered by Janet Daby
A borrower is deemed to have made regular repayments if they have made at least four repayments, of any amount, in the 2024/25 financial year. This may include borrowers who stopped their regular repayments or ceased being liable to repay part-way through the 2024/25 financial year.
The total number of borrowers whose loan balance has increased despite making regular repayments in the 2024/25 financial year is 2,145,434. This figure covers Plan 2, 5 and 3 borrowers. It has been generated by comparing borrowers’ loan balances on 1 April 2024 and 31 March 2025.
At the end of a borrower’s loan term, any outstanding loan balance, including interest built up, will be written off. This write-off is the government’s subsidy and is a deliberate investment in our people and the economy.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →