To ask the Scottish Executive how many higher education students in the Lothians region have been declared bankrupt or have petitioned for bankruptcy in each of the last 10 years.
The following table shows Scottish domiciled Student Loans Company (SLC) borrowers from the Lothians who have declared sequestration (been declared bankrupt) in each financial year from 1998-99 to 2007-08. This table includes both those who are currently undertaking higher education courses and those who have finished their studies.
Number of SLC Borrowers Entering Sequestration
Financial Year | |
1998-99 | 5 |
1999-2000 | 15 |
2000-01 | 10 |
2001-02 | 10 |
2002-03 | 15 |
2003-04 | 25 |
2004-05 | 15 |
2005-06 | 30 |
2006-07 | 35 |
2007-08 | 35 |
Total | 190 |
Source: SLC.
1. Student numbers have been rounded up or down to the nearest five.
2. The figures are for Scottish domiciled borrowers only.
3. The SLC does not hold details of those borrowers who are petitioning for sequestration.
4. The figures include all those who have a loan product from the SLC or who have ever had one and have declared sequestration where the SLC has been notified of the sequestration.
5. The table applies to publically owned debt only.
6. Those declaring IVA (Individual Voluntary Agreement) or Trust Deed are not included.
7. Borrowers have been classed as living in the Lothians based on their current home address. They may not have studied or lived in this area at the time of sequestration.
8. Sequestrations are shown in the year they were declared, not the year in which the SLC was notified.