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Higher Education: Finance

Department for Business, Innovation and Skills written question – answered on 26th January 2015.

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Photo of John Denham John Denham Labour, Southampton, Itchen

To ask the Secretary of State for Business, Innovation and Skills, what recent estimate he has made of the average unit costs of (a) the face value of student loans, (b) the resource costs of student loans, (c) teaching grants through the Higher Education Funding Council for England, (d) maintenance grant and (e) access spending by institutions in respect of additional students entering higher education in 2014-15.

Photo of Greg Clark Greg Clark Minister of State (Universities and Science), Minister of State (Cabinet Office)

Holding answer received on 15 January 2015

Additional entrants to higher education in 2014-15 are funded on the same basis as other students. A summary of the average unit costs for students on the 2012 funding arrangements can be found in the Fiscal Sustainability Report published by the Office for Budget Responsibility in July 2014 (Table B.1, page 170).

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