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The Government is set to announce the privatisation of the 1990s loan book on Monday
Nearly £1bn of student loans will be offloaded by the Government to a private debt collection agency on Monday in a move likely to stoke renewed controversy over coalition sell-offs. Sky News can reveal that ministers will announce to the London Stock Exchange that the Government has agreed a deal to privatise a £900m portfolio of loans made to students who were enrolled at universities during the 1990s. The disposal, to a debt recovery specialist, will be for a fraction of the debts' face value, and encompasses mortgage-style loans that are the last of their kind still in public ownership. The sale, which does not include Income Contingent Repayment loans like the ones currently offered, comes as student groups step up their protest over the disposal of the loan portfolios.....Read more HERE
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