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Students: Loans

Asked by David ReedConservativeDepartment for EducationTabled Answered 27 March 2026UIN 115929

The question

To ask the Secretary of State for Education, what assessment she has made of the adequacy of the interest charged on Plan 2 student loans for meeting the Government’s cost of (a) borrowing to finance those loans and (b) estimated write-offs.

Answered by Josh MacAlister

The estimated write offs are reflected in the Resource and Accounting Budget (RAB) charge, the government subsidy anticipated on student loans issued in any particular financial year. The RAB charge is forecast at 32% of total full-time plan 2 loans issued in 2024/25.

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