Written question WQ94087
- Asked by
- Cefin CampbellPlaid
- To be answered by
- Cabinet Secretary for Education
- Tabled
- Due
- Answered
- Time to answer
- 11 days
Question
What steps is the Government taking to recover from the UK Treasury to Wales the c.£30 million per annum of surplus revenue generated by the Welsh student finance system, as reported in a recent publication by London Economics, the Nuffield Foundation and the Higher Education Policy Institute?
Answer
Answered by Minister for Further and Higher Education
Student loan repayment modelling is a complex, fast-moving area and the analysis produced by London Economics et al. provides one viewpoint of the situation at a particular point in time – in this case, amidst changes in UK Government and prior to most recent general election. The fast-moving nature of student loan repayment modelling is demonstrated by the fact that Welsh Government internal modelling currently forecasts a positive RAB rate, thus contradicting the notion of any ‘surplus’. English RAB rates published by DfE[3] are also higher than those produced in the referenced analysis. The methodology for modelling student loans in England can be found here[4], with Welsh Government using an adapted version of the model.
[4] https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england