Magazine article The Times Higher Education Supplement : THE

UK and Australia to Share Student Debt Data

Magazine article The Times Higher Education Supplement : THE

UK and Australia to Share Student Debt Data

Article excerpt

The UK and Australian governments are set to share data on expatriate graduates in a bid to improve student debt collection.

The planned agreement is part of a new strategy designed to help recoup more of the £457 million portion of the UK student loan book that is held by non-paying or "unverified" borrowers who live overseas.

Australia is the most popular destination for British university leavers who have a student loan, and correspondingly is home to the largest amount of outstanding debt apart from the UK itself.

Ministers are pursuing the idea of data sharing - in which information on Australian graduates in the UK could also be shared with the Canberra government - after successful pilots involving Sweden and the Netherlands.

In the trials, each country shared the details of about 200 borrowers, believed to be in each other's countries, who were not making regular repayments and whose status was unknown. Using public and government data, it proved possible to locate up to 90 per cent of non-responding borrowers, and one in five of these started making repayments after receiving a single letter. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.