Sale of Student Loans Act 2008

Sale of Student Loans Act 2008 ^[1]

Parliament of the United Kingdom
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Text of statute as originally enacted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]

References

1. This short title was conferred by section 12 of the Act.
2. Bills and Legislation
3. The Sale of Student Loans Act 2008, section 13
4. Hansard (House of Lords), 21 July 2008, vol. 703, col. 1579
5. The Sale of Student Loans Act 2008, section 14 (provided that the Act came into force on the date on which it received royal assent).
6. Hubble, Sue; Bolton, Paul (16 September 2020). "Update on the sale of student loans" (PDF). House of Commons Library. Archived (PDF) from the original on 27 October 2020. Retrieved 11 January 2026.
7. Lipsett, Anthea (6 November 2007). "Student loan debt to be sold off". The Guardian. Archived from the original on 8 May 2024. Retrieved 11 January 2026.
8. Woodward, Will (11 July 2007). "From children to housing, a packed agenda". The Guardian. Archived from the original on 5 October 2014. Retrieved 12 January 2026.