Sale of Student Loans Act 2008
From Wikipedia, the free encyclopedia
Long titleAn Act to enable the sale of rights to repayments of student loans; and for connected purposes.
Citation2008 c. 10
Introduced byJohn Denham[2] (Commons)
Lord Triesman (Lords)
Lord Triesman (Lords)
Territorial extentEngland and Wales[3]
| Act of Parliament | |
.svg) | |
| Long title | An Act to enable the sale of rights to repayments of student loans; and for connected purposes. |
|---|---|
| Citation | 2008 c. 10 |
| Introduced by | John Denham[2] (Commons) Lord Triesman (Lords) |
| Territorial extent | England and Wales[3] |
| Dates | |
| Royal assent | 21 July 2008[4] |
| Commencement | 21 July 2008[5] |
| History of passage through Parliament | |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
The Sale of Student Loans Act 2008 (c. 10) is an act of the Parliament of the United Kingdom.
The policy was included in the 2007 United Kingdom budget.[6]
It was passed to authorise the sale of the government's student loan portfolio to the private sector in order to raise revenue by secondary legislation. The act only extends to England and Wales as Scottish education is a competency of the Scottish Government and the powers to make the required secondary legislation for Wales are vested in the Welsh Government.[7]
The policy was expected to raise roughly £6,000,000,000 at the time it was passed.[8]
