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Sale of Student Loan Book

The UK government has begun the process of selling the university student loan book in an attempt to recover £12 billion.

The initial sale covers £4 billion in loans which were eligible for repayment between 2002 and 2006 and covers the first four-years of loans issued before 2012 when student university fees were increased to £9,000.

There have been concerns raised over the sale as an earlier sale of the pre-1998 student loan book resulted in problems for many borrowers.

Further information regarding this article can be found on the link below:

https://www.theguardian.com/money/2017/feb/06/universities-minister-announces-sale-of-student-loan-book

23rd August 2018

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