‘Cash Today’ – attempts to sell student loans
Andrew McGettigan continues here his diligent tracking of student loan accounting. In Scotland, it tends to be assumed this is irrelevant to Scottish students, but the most recent sale of mortgage-style loans, since the last Scottish elections in 2011, included Scottish accounts. So there are interesting questions about how the sort of manoeuvres McGettigan describes might affect Scotland, and the other devolved administrations.
London Review of Books has kindly published my account of government attempts to sell student loans. It is available to read here.
Although Vince Cable ruled out a sale this parliament, the sale remains Treasury policy and estimated proceeds are still included in the forecasts for 2015-2020.
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