Mature Students: Loans

Business, Innovation and Skills written question – answered on 24th November 2010.

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Photo of Gordon Marsden Gordon Marsden Shadow Minister (Business, Innovation and Skills)

To ask the Secretary of State for Business, Innovation and Skills whether he has had discussions with the Sector Skills Councils on the implications for individuals aged 24 years and over of requiring them to take out loans to pay for a level three qualification from 2013/14 as part of the implementation of his Department's proposals.

Photo of John Hayes John Hayes The Minister for Universities and Science, The Minister of State, Department for Business, Innovation and Skills

"Investing in Skills for Sustainable Growth" (16 November 2010) sets out the funding strategy for post-19 Further Education (FE) and Skills. The introduction of new FE loans from the 2013/14 academic year provides the capacity for learner investment. We recognise that this is a significant reform and that is why we are phasing in the changes over the spending review period to provide the sector with sufficient time to plan effectively.

As set out in "Investing in Skills for Sustainable Growth", over the next few months we will engage with colleges, training organisations and others on the details of how fee loans will be implemented to ensure the approach to fee loans recognises the characteristics of different types of learners and identifies the particular delivery arrangements appropriate for the FE and Skills sector.

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