Written Question·Department for Education·UIN 115149

Students: Loans

Tabled: 23 February 2026

Answered: 31 March 2026

Named Day

Question

Calum Miller

Liberal Democrat — Bicester and Woodstock

To ask the Secretary of State for Education, if she will make an estimate of the potential impact to the public pursue of (a) cancelling all outstanding student loan balances on existing borrowers; (b) cancelling all outstanding student loan balances for

Answer

Josh MacAlister

Cancelling all outstanding student loan balances for existing student loan borrowers would lead to reduction of the fair value of the entire loan book to zero. The fair value of the student loan book, published in the most recent annual accounts, as at 31...

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