DfE committed to £200m of contracts for loan sale that’s not proceeding

Page 221 of the Department for Education’s 2019/20 financial statement contains the note reproduced above.

The sale programme for “pre-2012” student loans was cancelled in March. But DfE looks like it will be paying out over £30million per year for the next few years to financiers anyway. Total liabilities are booked above at over £220million.