Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Kevin Brennan on 2016-03-22.
To ask the Secretary of State for Business, Innovation and Skills, how much the Student Loans Company and HM Revenue and Customs spent on maintaining and collecting student loan repayments in each year for which data is available.
Joseph Johnson
The Student Loans Company (SLC) and HM Revenue and Customs (HMRC) have spent the following on maintaining and collecting income contingent repayments since the financial year 2011-12:
|
Student Loans Company |
HM Revenue and Customs |
|
|
FY 2011-12 |
£15.7m |
£5.6m |
|
FY 2012-13 |
£15.6m |
£6.4m |
|
FY 2013-14 |
£18.6m |
£5.5m |
|
FY 2014-15 |
£18.5m |
£5.8m |
|
FY 2015-16 |
£20.9m (forecast) |
£6.3m (forecast) |
The figures in the table above include both the direct costs and associated ICT and back office overheads incurred by SLC and HMRC in maintaining and collecting income contingent repayments.
