Education Bill

There is one point that the noble Baroness has not dealt with in relation to my noble friend Lord Stevenson’s introductory speech, which said that the Deputy Prime Minister—who we know is well versed in the issue of student fees—reckons that about 60 per cent of the loans will not be repaid. Is that an official statistic on behalf of the Government? Is that the estimate? Is that how much will not be repaid out of all of this expenditure?