HANSARD -read between the lines...
http://www.publications.parliament.uk/pa/cm200405/cmhansrd/cm050314/text/50314w05.htm
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14 Mar 2005 : Column 19WDr.
Howells:
Mortgage-style student loans are collected by the Student
Loans Company (SLC) on behalf of the Government and the Royal Bank of
Scotland (the owner of a portfolio of loans sold in 1998). The SLC
advises that it also uses the following companies as agencies for
arrears collection, although some work might be further outsourced:
Allied International Credit; Financial Trace and Collections; J B Debt
Recovery; Lewis Group; Logic Group; NCO Financial Services (UK) Ltd.;
and Wescot Credit Services.A further portfolio of loans, sold to Honours Trustee Limited in 1999,
is administered and collected by Ventura (Club 24 Limited), trading as
Honours Student Loans. Ventura advises that it also uses the following
companies as agents for arrears collection: Clarity Credit Management
Solutions Ltd. and Dryden's.Income-contingent student loans are collected by the Inland Revenue,mainly through deduction at source by employers.
Mr. Edward Davey:
To ask the Secretary of State for Education and
Skills how much was spent in 2004 on keeping graduates informed of
changes in collection arrangements for student loan repayments.
[221244]
Dr. Howells:
The Department and the Student Loans Company (SLC)
regularly keep students and graduates informed of the latest
arrangements for student finance, and these communications have been
updated to reflect the rise in the repayment threshold for income
contingent student loans, to take effect from April 2005, and the
annual change in the repayment threshold for mortgage-style loans. The
Department and the SLC incurred no specific additional expenditure in
2004 for these changes to the collection arrangements.