The government has made a significant upward revision from its last estimate of a ?200 billion figure in 바카라사이트 2040s, according to figures released in response to a written parliamentary question from Liam Byrne, Labour’s shadow universities, science and skills minister.
The change is highlighted by 바카라사이트 writer and researcher Andrew McGettigan on his .
The new estimate reflects 바카라사이트 government’s rising estimate of 바카라사이트 Resource Accounting and Budgeting (RAB) charge – 바카라사이트 portion of loan outlay that will never be repaid by graduates – as well as 바카라사이트 coming abolition of student number controls. The government’s RAB estimate has risen from an initial 28 per cent, as 바카라사이트 introduction of ?9,000 fees was planned, to 45 per cent.
David Willetts, 바카라사이트 universities and science minister, told Mr Byrne that 바카라사이트 value of 바카라사이트 loan book would reach ?330 billion in real terms in 2044-45.
In a last year, 바카라사이트 National Audit Office said: “BIS forecasts that 바카라사이트 total value of outstanding student loans will increase from ?46 billion in 2013 to approximately ?200 billion by 2042, in 2013 prices.”
Mr Willetts adds in 바카라사이트 answer: “These estimates assume that fees will increase in line with inflation from 2016 onwards. These forecasts also take account of 바카라사이트 freeing up of student number controls in 바카라사이트 autumn statement, increases in loan take-up rates, demographic changes over time and updated earnings modelling.”
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