Sale of Student Loans Act 2008
The Sale of Student Loans Act 2008 is an Act of the Parliament of the United Kingdom.
The policy was included in the 2007 United Kingdom budget.
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.
The policy was expected to raise roughly £6,000,000,000 at the time it was passed.