The below Parliamentary question was asked by Liam Byrne on 2014-07-15.
To ask the Secretary of State for Business, Innovation and Skills, when his Department plans next to update the RAB charge on student loans.
Greg Clark
The next update of the RAB charge will happen when the Student Loans Company provides the Department with updated loans data. This typically takes place in early autumn each year.
The below Parliamentary question was asked by Liam Byrne on 2014-04-08.
To ask the Secretary of State for Business, Innovation and Skills, when the Higher Education Funding Council for England will run its annual monitoring exercise to collect information about the ongoing financial sustainability, quality of provision, and changes to management and governance arrangements at alternative learning providers; and when the Higher Education Funding Council for England will publish this information.
Mr David Willetts
The Department will publish guidance on the annual monitoring process and associated timetable in July 2014.
The below Parliamentary question was asked by Liam Byrne on 2014-06-11.
To ask the Secretary of State for Business, Innovation and Skills, what the average annual cost of training an apprentice aged 16 to 18 is; and what proportion of such costs is borne by (a) the public purse, (b) individuals and (c) employers.
Matthew Hancock
The cost of providing an Apprenticeship is highly variable.
In 2012, the Department for Business, Innovation and Skills (BIS) commissioned a report from The Institute for Employment Research entitled: “Employer Investment in Apprenticeships and Workplace Learning”
The report gives details of the costs of Apprenticeships to employers in several sectors for 16-18 year olds and for 19-24 year olds. It also compares the contribution of employers to that of the state.
“
The below Parliamentary question was asked by Liam Byrne on 2014-06-16.
To ask Mr Chancellor of the Exchequer, how many meetings he has had with his Department’s Chief Scientific Adviser in the last 12 months.
Andrea Leadsom
As was the case under previous administrations, details of internal meetings are not normally disclosed.
The below Parliamentary question was asked by Liam Byrne on 2014-04-08.
To ask the Secretary of State for Business, Innovation and Skills, when the Higher Education Funding Council for England plans to commence its annual monitoring exercise to collect information about the ongoing financial sustainability, quality of provision and changes to management and governance arrangements at alternative learning providers; and when that body plans to publish such information.
Mr David Willetts
The Department will publish guidance on the annual monitoring process and associated timetable in July 2014.
The below Parliamentary question was asked by Liam Byrne on 2014-06-11.
To ask the Secretary of State for Business, Innovation and Skills, what the average unit cost per year to train an apprentice aged 19 to 24 is; and what proportion of such costs is borne by (a) the public purse, (b) apprentices and (c) employers.
Matthew Hancock
The cost of providing an Apprenticeship is highly variable.
In 2012, the Department for Business, Innovation and Skills (BIS) commissioned a report from The Institute for Employment Research entitled: “Employer Investment in Apprenticeships and Workplace Learning”
The report gives details of the costs of Apprenticeships to employers in several sectors for 16-18 year olds and for 19-24 year olds. It also compares the contribution of employers to that of the state.
“
The below Parliamentary question was asked by Liam Byrne on 2014-06-16.
To ask the Secretary of State for Defence, how many meetings he has had with his Department’s Chief Scientific Adviser in the last 12 months.
Mr Philip Dunne
As was the case under previous administrations, details of internal meetings are not normally disclosed.
The below Parliamentary question was asked by Liam Byrne on 2014-04-08.
To ask the Secretary of State for Business, Innovation and Skills, what appeals process is in place for alternative providers which unsuccessfully applied to have courses designated under the new specific course designation arrangements; and whether any alternative providers have successfully so appealed.
Mr David Willetts
Applications for specific designation under the new specific designation arrangements are decided by the Secretary of State. There is no appeals process.
The below Parliamentary question was asked by Liam Byrne on 2014-06-11.
To ask the Secretary of State for Business, Innovation and Skills, what recent estimate he has made of the cash value of the student loan book in each year to 2050 (a) before and (b) after sales of student loans.
Mr David Willetts
(a) We estimate the cash value of ICR student loans to follow approximately this profile going forwards.
Value of loan book in real terms
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
|
£70bn |
£80bn |
£90bn |
£100bn |
£110bn |
£120bn |
£130bn |
£140bn |
£150bn |
£160bn |
|
2024-25 |
2025-26 |
2026-27 |
2027-28 |
2028-29 |
2029-30 |
2030-31 |
2031-32 |
2032-33 |
2033-34 |
|
£170bn |
£180bn |
£190bn |
£200bn |
£210bn |
£220bn |
£230bn |
£240bn |
£250bn |
£260bn |
|
2034-35 |
2035-36 |
2036-37 |
2037-38 |
2038-39 |
2039-40 |
2040-41 |
2041-42 |
2042-43 |
2043-44 |
|
£260bn |
£270bn |
£280bn |
£280bn |
£290bn |
£300bn |
£300bn |
£310bn |
£320bn |
£320bn |
|
2044-45 |
2045-46 |
2046-47 |
2047-48 |
2048-49 |
2049-50 |
||||
|
£330bn |
£330bn |
£330bn |
£330bn |
£330bn |
£330bn |
Value of loan book in nominal terms
|
2014-15 |
2015-16 |
2016-17 |
2017-18 |
2018-19 |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
2023-24 |
|
£70bn |
£80bn |
£100bn |
£110bn |
£130bn |
£150bn |
£170bn |
£190bn |
£210bn |
£230bn |
|
2024-25 |
2025-26 |
2026-27 |
2027-28 |
2028-29 |
2029-30 |
2030-31 |
2031-32 |
2032-33 |
2033-34 |
|
£250bn |
£270bn |
£300bn |
£320bn |
£350bn |
£380bn |
£410bn |
£440bn |
£470bn |
£500bn |
|
2034-35 |
2035-36 |
2036-37 |
2037-38 |
2038-39 |
2039-40 |
2040-41 |
2041-42 |
2042-43 |
2043-44 |
|
£530bn |
£570bn |
£600bn |
£640bn |
£670bn |
£710bn |
£750bn |
£790bn |
£830bn |
£870bn |
|
2044-45 |
2045-46 |
2046-47 |
2047-48 |
2048-49 |
2049-50 |
||||
|
£920bn |
£960bn |
£1,000bn |
£1,030bn |
£1,070bn |
£1,100bn |
These estimates assume that fees will increase in line with inflation from 2016 onwards. These forecasts also take account of the freeing up of student number controls in the Autumn Statement, increases in loan take-up rates, demographic changes over time and updated earnings modelling.
(b) The government has a stated aim to sell the pre-2012 loan book. However, the exact programme of sales has yet to be determined. Consequently, it is not possible to estimate the yearly value of the student loan book after these sales have taken place.
The below Parliamentary question was asked by Liam Byrne on 2014-06-16.
To ask the Secretary of State for Education, how many meetings he has had with his Department’s Chief Scientific Adviser in the last 12 months.
Elizabeth Truss
As was the case under previous administrations, details of internal meetings are not normally disclosed.