That has yet to be finally decided, but I hope that the consultative paper will be published during the first half of the year.
Is not the present system desperately unfair as between students, in that some get a full grant and some do not get a full grant and do not get it made up? Will the Government consider taking the amount of money that is available and spreading it equally among students and allowing them to make up the difference from some sponsor, from work or by borrowing from the bank, the banks having been spoken to and persuaded by the Government that they should bring forward a loans scheme?
It would be wrong for me to anticipate the terms of the consultative document, but I do not think that my hon. Friend will be disappointed by the breadth of the options that we offer.
I was not in any way prejudging or prejudicing how the consultative paper will be written, but I am encouraged that prospects for graduates have improved significantly during the current year.