Company to profit from chasing student debts

A second Pounds 1 billion lump of debt owed by students has been sold to the private sector. The successful company, which stands to profit from recouping the debt on student loans taken out since 1990, is Honour Trustee Limited. It is a special-purpose company set up specifically to acquire the debt assets. It is underwritten by the Nationwide Building Society and the Deutsche Bank. The first Pounds 1 billion chunk of loan debt was sold to Finance for Higher Education Limited, which was formed by Greenwich NatWest, a division of the NatWest Bank. About Pounds 1.5 billion-worth of debt remains for disposal to the private sector.

Already registered?

Sign in now if you are already registered or a current subscriber. Or subscribe for unrestricted access to our digital editions and iPad and iPhone app.

Featured Jobs

Head of Research Support Services UNIVERSITY OF LEICESTER
Learning Enhancement Manager UNIVERSITY OF DERBY

Register to continue  

You've enjoyed reading five THE articles this month. Register now to get five more, or subscribe for unrestricted access.

Most Commented

Universities to scale back liberal arts and social science courses

  • David Humphries illustration (24 September 2015)

A Russell Group tagline rap is further proof that we need to reform the academy’s approach, argues Philip Moriarty

  • World University Rankings

US continues to lose its grip as institutions in Europe up their game

  • World University Rankings 2015-2016 methodology

Change for the better: fuelled by more comprehensive data, the 2015-2016 rankings probe deeper than ever

Inspired by previous movement in 1960s, PhD students say that ‘science is not neutral’ and urge scientists to confront their assumptions