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Publication - FOI / EIR Release

Student debt interest allocation: FOI response

Published: 6 Dec 2017

Information request and response under the Freedom of Information (Scotland) Act 2002.

FOI reference: FOI/17/02613
Date received: 31 October 2017
Date responded: 24 November 2017

Information requested

You asked for:

"The use of student debt interests by the Scottish Government and whether it is invested in a specific budget."

Response

In answer to your question, the interest from student loan debt is capitalised and is therefore added to the outstanding student loan balance. Any loan repayments that are made therefore count against the overall loan balance.

With regards to the allocation to a specific budget, the loan interest receivable, loan advances, interest capitalised and loan repayments are all Annually Managed Expenditure (AME) budgets allocated by HM Treasury. These can't be used by the Scottish Government as funding it can allocate to other priorities as part of the budget setting process.

About FOI

The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses

Contact

Please quote the FOI reference

Central Enquiry Unit
Email: ceu@gov.scot
Phone: 0300 244 4000

The Scottish Government
St Andrew's House
Regent Road
Edinburgh
EH1 3DG

Published:
6 Dec 2017
Student debt interest allocation: FOI response