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Parliamentary Debates and Questions

S5W-04224: Daniel Johnson (Edinburgh Southern)

Scottish Labour

Date lodged: 1 November 2016

To ask the Scottish Government what projection it made in 2012-13 of the (a) mean, (b) median and (c) total student debt for each year from 2012-13 to 2017-18; how this compares with the actual figures for each year up to 2015-16, and what projection it has made for each of the next five years.

Answered by: John Swinney 10 November 2016

The Scottish Government does not make student debt projections.

However, the Student Loans Company publishes data on total student debt and average student debt:

http://www.slc.co.uk/official-statistics/student-loans-debt-and-repayment/scotland.aspx

Table 1: Total amount owed by borrowers who received loans as Scottish domiciled students studying in the UK, or as EU domiciled students studying in Scotland

Amount of Loan Balance in £ millions

As at end of tax year

2012-13

2013-14

2014-15

All ICR borrowers with a Loan Balance

2,314.6

2,519.5

2,809.7

Source: Student Loans Company

Table 2: Average Loan Balance for borrowers who received loans as Scottish domiciled students studying in the UK, or as EU domiciled students studying in Scotland

Average Loan Balance in £

As at end of tax year

2012-13

2013-14

2014-15

All ICR borrowers with a Loan Balance

7,230.0

7,460.0

7,870.0

Source: Student Loans Company