Clause 23 - Condition that may be required to be imposed by English funding bodies
Higher Education Bill
5:30 pm
Mr David Rendel (Shadow Minister (Higher Education), Education & Skills; Newbury, Liberal Democrat)
If I understand correctly, the Minister said that the £2,700 grant would not be instead of a loan, and students would still be able to take on a loan for maintenance. Am I right in saying, therefore, that those who use the grant for maintenance, take on a loan—it can now be up to a maximum of £3,550 a year—and have to repay fees will have to pay back £9,000 in fees and £10,650 in maintenance loan? That would give them a total debt on graduation of £19,650. Is that not rather a lot for a graduate to have to pay back?