• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Student loans being privatised

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Student loans being privatised

    (Reuters) -

    The government is considering whether to sell its 40 billion pound student loan book as part of a series of privatisations that includes selling off the Royal Mail Group, the Sunday Times newspaper said.


    The government is testing the market with the sale of a 900 million pound tranche of loans, which was announced by Business Secretary Vince Cable on March 26. The newspaper said that the government was now looking at wholesale privatisation.


    It said that the sale of the loan book may not raise a significant sum but would slash public debt by removing the loans from the government's balance sheet.

    The Student Loans Company, which lends out about 5.5 billion pounds a year, had 28 billion pounds of loans outstanding at the end of March 2012. Senior civil servants say a hike in tuition fees could drive up the total to 40 billion pounds, the newspaper said.


    The Department for Business, Innovation & Skills, which oversees the Student Loans Company, declined to comment.


    GOD HELP ME IF MY STUDENT LOAN IS SOLD TO WONGA
    Tags: None

View our Terms and Conditions

LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
Working...
X