Students: Finance

Innovation, Universities and Skills written question – answered on 7th October 2008.

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Photo of Colin Burgon Colin Burgon Labour, Elmet

To ask the Secretary of State for Innovation, Universities and Skills how much HEFCE allocated (a) nationally and (b) to (i) Leeds University, (ii) Leeds Metropolitan University and (iii) Trinity and All Saints College for student bursary schemes for the academic year 2007-08; and how much of this funding was unspent at the latest date for which figures are available.

Photo of David Lammy David Lammy Minister of State (Department for Innovation, Universities and Skills) (Higher Education & Intellectual Property)

holding answer 6 October 2008

HEFCE does not allocate funding for student bursary schemes. Instead, each higher education provider which wishes to charge variable tuition fees for regulated courses has to agree an access agreement with the Office of Fair Access (OFFA) under which it commits to recycle some of the extra income from variable fees to support some of its students. Information on the 2007/08 academic year will become available in the spring. The following table sets out the position for 2006/07—the first year of the new arrangements.

£
Amount budgeted for bursary schemes Amount spent
Leeds University 2,500,000 1,500,000
Leeds Metropolitan University n/a 42,000
Trinity and All Saints College 115,000 83,000
England 115,000,000 96,000,000
n/a = Not applicable

Notes:

1. Many HEIs overestimated the number of students who were eligible for bursaries in the first year of the new arrangements. Where "underspends" have occurred some HEIs have chosen to redeploy the resources towards additional outreach activities designed to attract students from non-traditional backgrounds.

2. Leeds Metropolitan University does not charge fees at a level which requires bursaries to be recycled within the terms of their approved access agreement.

Source:

2006/07 returns to OFFA

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Annotations

Rob Woodcock
Posted on 22 Apr 2009 11:35 am (Report this annotation)

This is a scandal that I've left my cosy job to do something about. Students who have built up debts of over £18,000 and are earning less than £17,200, (and there are many) are now watching their debts grow.
That is not an interest free loan.
The directgov website still lures students into debt with the promise of £100,000 lifetime earnings enhancement. This is plainly wrong. It is based on old data and any decent recruiter will tell you courses taken are no measure of ability. Watch them working, guage their strengths and help them apply them with proper training and development.