UK student loan sales will no longer flatter public finances - ONS
Reuters
Published Dec 17, 2018 04:48AM ET
UK student loan sales will no longer flatter public finances - ONS
LONDON (Reuters) - Britain's statistics agency said on Monday it would change the treatment of billions of pounds of student loans next year, so that the public finances are no longer flattered by the government selling the loans to private investors.
The government will also have to recognize upfront when it lends money to students that a large portion of them will never earn enough money to fully repay the loans and accrued interest, the Office for National Statistics said.
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Written By: Reuters
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