Paul Blomfield – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Paul Blomfield on 2016-02-01.
To ask the Secretary of State for Business, Innovation and Skills, what estimate his Department has made of the average period of time which (a) male and (b) female nurses who enter training at the age of (i) 19, (ii) 25, (iii) 30 and (iv) 40 in 2017-18 will take to pay off their student loans in line with those changes to the student support system in place from 2016-17.
Joseph Johnson
The changes announced at the Spending Review will enable us to lift the cap on the number of students on nursing courses and will provide nursing students with access to around 25% additional financial support. We expect this reform will enable universities to provide up to 10,000 additional nursing, midwifery and allied health training places over this Parliament.
The average repayment term on student loans is calculated for the total full time student population, rather than separately for students taking certain courses or their age on starting their course. On this basis, we estimate that the average repayment term for a full time student entering Higher Education in 2017-18 is around 20 to 25 years.
This estimate includes both borrowers who fully repay their loans and those who have loans written off due to death, disability leading to permanent inability to work, or reaching the end of the repayment term. The estimate takes into account the changes to student finance announced at Spending Review and Autumn Statement 2015.
