Seems like HMG can currently chuck plenty at student loans. Just in a roundabout way, where we (the country) lose loads of it.
I take it you'll choose not to read about that though. #holdthepartyline
Interesting. So a loan which will only repaid if the individual earns over a certain amount, and will be written off after a number of years if it isn't repaid in full, gets sold to a private company. But (in this latest case) will still be administered by the SLC (as the previous sale went so...
How can they sell the debt on if it's agreed to be written off after X years? That would breach the original loan agreement and make the debt worthless. Wouldn't it?