Written Question·Department for Education·UIN 110594

Students: Loans

Tabled: 3 February 2026
Answered: 13 February 2026
Named Day

Question

Michael Wheeler

LabourWorsley and Eccles

To ask the Secretary of State for Education, what estimate her Department has made of outstanding Plan 2 student loan debt in the year the first loans become eligible to be written off; and what assessment she has made of the potential impact of that debt

Answer

Josh MacAlister
The oldest Plan 2 loans will become eligible for cancellation in 2046. For the England-domiciled 2012/13 cohort, the first to receive Plan 2 loans, we forecast a total of £17,036 million in loan balances (including interest) will be cancelled at the end o...

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