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DfE committed to £200m of contracts for loan sale that’s not proceeding

December 3, 2020

Page 221 of the Department for Education’s 2019/20 financial statement contains the note reproduced above.

The sale programme for “pre-2012” student loans was cancelled in March. But DfE looks like it will be paying out over £30million per year for the next few years to financiers anyway. Total liabilities are booked above at over £220million.

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