To ask the Secretary of State for Education, with reference to the article entitled University debt: credit crunch looms as debt spirals, published by the Times on 3 January 2018, what estimate he has made of the levels of debt of UK Universities; and if he will make a statement.
10 January 2019
Data from the Higher Education Statistics Agency for the most recent financial year available (2016/17) shows that UK universities’ external borrowing totalled £11.8 billion, equivalent to roughly 33% of sector income.
In the new higher education (HE) regulatory framework, the Office for Students has responsibilities to monitor and assess the financial viability and sustainability of registered HE providers in England.
 External borrowing as defined by Higher Education Statistics Agency: https://www.hesa.ac.uk/collection/c16031/key_financial_indicators.