Student Loans Contents


Terms of Reference

1 Introduction

2 Public finances and the design of the system

Funding the student loan system

An overview

The fiscal illusions of student loan accounting

Student loans in the Department for Education Accounts

Student loans in the National Accounts

Is the sale of the student loan book value for money?

The funding split between the graduate and the taxpayer

Sustainability and changes to the model

The interest rate

The purpose of the interest rate

Perceptions of the interest rate

The use of RPI

3 Is there a market in higher education?

The marketisation of higher education

Competition on the basis of price

Competition on the basis of quality

Student choice

Information available to students

4 University finances

The impact of the 2012 reforms

A windfall for universities?

Cross-subsidy between courses

5 Issues for students



Is it a graduate tax?

Maintenance loans and grants

Other issues

Part-time students

Alternative student finance

The Student Loans Company

Conclusions and recommendations

Appendix 1: Graduate earnings profile methodology

Formal minutes


Published written evidence

List of Reports from the Committee during the current Parliament

15 February 2018