Students: Finance

Business, Innovation and Skills written question – answered on 25th February 2014.

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Photo of Liam Byrne Liam Byrne Shadow Minister (Business, Innovation and Skills)

To ask the Secretary of State for Business, Innovation and Skills how much funding is allocated to (a) the Student Opportunity Fund and (b) the Access to Learning Fund in 2014-15.

Photo of David Willetts David Willetts Minister of State (Universities and Science)

The Department for Business, Innovation and Skills has set out our plans in the Higher Education Funding Council for England (HEFCE) Grant Letter, published on 10 February.

The Student Opportunity Fund is part of the overall Teaching Grant allocated to higher education institutions by HEFCE. It is HEFCE's responsibility to take decisions on precisely how its budgets are allocated.

The Access to Learning Fund is transferring to HEFCE in 2014-15, ensuring money is still available to students facing hardship. HEFCE will provide more details in due course.

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