Clause 23 - Condition that may be required to be imposed by English funding bodies
Higher Education Bill
3:00 pm
Mr David Rendel (Shadow Minister (Higher Education), Education & Skills; Newbury, Liberal Democrat)
My understanding is that people can have the money up front by way of a maintenance loan or by way of the Government grant under the new scheme. Either way, the money is there; people are not starving. It is just a question of when it is transferred into being a loan as opposed to a grant. Under the new scheme, the money officially becomes a loan when people graduate; up front, it is a grant. In practice, under either scheme, people end up with the same loan and the same debt when they graduate.