Gordon Marsden – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Gordon Marsden on 2015-11-09.

To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the Resource Account and Budgeting charge of outstanding debt which will be written off for 24+ Advanced Learner Loans in (a) 2013-14 and (b) 2014-15.

Nick Boles

The Department for Business, Innovation and Skills (BIS) models the proportion of loans which we expect will not be repaid – the resource accounting and budgeting charge (RAB charge). The RAB charge is estimated to be 50% in 2013-14 and 55% in 2014-15. BIS is collecting data on learners as it emerges and based on this data we regularly review and update the RAB charge estimate.

We publish the RAB charge once a year in BIS’ accounts.