✓ Passed into LawLords
UK Parliament · Bill
Sale of Student Loans Act 2008
Summary
This Act gives the government permission to sell existing student loans (money borrowed by students for university) to private buyers instead of keeping them under government management. It's essentially the government transferring the debt collection responsibility and future repayments to private businesses.
A vote to support means
- —Supporting this Act means allowing the government to sell student loans to private companies or investors. Supporters argue this could free up government money to spend on other public services like the NHS or schools, and that private companies might manage the loans efficiently.
A vote to oppose means
- —Critics worry that selling student loans to private companies could lead to higher interest rates for students, stricter collection practices, or less flexibility if borrowers face financial hardship. They also argue the government loses long-term control over how former students are treated.
Cast Your Vote
People's Vote0 votes
0% Support · 00% Oppose · 0
Bill Passage
Commons
- 1st reading8 Nov 2007
- 2nd reading22 Nov 2007
- Committee stage4 Dec 2007
- Report stage23 Jan 2008
- 3rd reading23 Jan 2008
Lords
- 1st reading24 Jan 2008
- 2nd reading19 Feb 2008
- Committee stage8 May 2008
- Report stage2 Jun 2008
- 3rd reading10 Jun 2008
Royal Assent21 Jul 2008
Full Bill Description(click to expand)
No description available