As well as tripling fees and changing the repayment structure of student loans in 2010, the government has been looking into ways of ridding itself of loans that predate 2012, currently worth around £40 billion. They asked Rothschild to produce a report on the possibility of selling off the loan book to private investors. The report was delivered in November 2011, but only made public in June this year after a Freedom of Information request and a botched attempt at redaction.

