Government to unveil £900m sale of student loan book

By Graeme Paton. State offloads loans made to students who enrolled at university in the 1990s as part of drive to boost public finances. 
The British government will announce on Monday it has agreed a deal to sell off a portfolio of student loans worth £900m, Sky News reported on Sunday, quoting people close to the situation.
The loans will be offloaded to an unnamed private debt collection agency, the broadcaster said, saying they would be sold for tens of millions of pounds, "a fraction of the debts' face value".
The deal would encompass mortgage-style loans made in the 1990s, the last of their kind still in public ownership, Sky said, but not include income contingent repayment loans of the kind currently on offer. More...