Liam Byrne – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Liam Byrne on 2014-06-11.

To ask the Secretary of State for Business, Innovation and Skills, what recent estimate his Department has made of the RAB charge for student loans issued after 2012.

Mr David Willetts

We estimate the RAB charge on these loans to be around 45%.

The actual cost of issuing student loans will be dependent on future macro-economic circumstances, in particular earnings and we will continue to update our forecasts on a regular basis to take account of changes to short term and long term macro-economic assumptions.