Clause 23 - Condition that may be required to be imposed by English funding bodies
Higher Education Bill
2:30 pm
Mr David Rendel (Shadow Minister (Higher Education), Education & Skills; Newbury, Liberal Democrat)
To some extent, it seems that the hon. Gentleman does not quite understand the system. Under the present system, I understand that the young person about whom he is talking could take out a loan for maintenance that is repayable after graduation. The new system will allow him to take out a grant, which turns into a loan on graduation. He still ends up with the same size loan, which is still repayable on graduation.