r012943

Loans performance management

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Hello 

For loans and potential reductions to allocations, am I correct in stating that this is calculated by reviewing the value of loan facility used for the whole year (Aug-July) and checking that this is at least 95% of the cumulative profile to January (Aug-Jan)? 

Thank you for any help.

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Andrew Tan

r012943 I'm hoping it's the 90% as stated here:

'Value of approved, attended and paid loans is at least 90% of your total facility'

https://www.gov.uk/government/publications/advanced-learner-loans-funding-rules-2022-to-2023/advanced-learner-loans-funding-rules-2022-to-2023#annex_3 

Steve Hewitt

That's for increase Andrew. Is the line below for under delivery, ie within 5% of allocation to Jan.

Remember, if the reduction is less than £25k they won't make it in-year anyway.

r012943

Thanks both - so do we think what I have said above is correct when referring to potential reductions?

Thanks again

Steve Hewitt

Just about, in that it's not an entirely flat profile:

https://www.gov.uk/government/publications/advanced-learner-loans-funding-rules-2022-to-2023/advanced-learner-loans-funding-rules-2022-to-2023#annex_4

is 45.47%(!!!) of your total allocation by Jan (P6)

r012943

Thanks Steve Hewitt - so we look at full year spend (Aug-Jul) and measure it against 45.47% of our total allocation (which is Aug-Jan). 

Much appreciated