To ask the Secretary of State for Business, Innovation and Skills, what plans he has to change the terms and conditions for higher education student finance.

I would like to welcome the new hon Member for Ilford North to this House and commend him for his commitment to student welfare as former president of the National Union of Students.

We have and will continue to have a world class HE system.

To deliver our commitment to reduce the deficit, we are reviewing all BIS spend as part of our preparations for the Spending Review. We will ensure the continuing success and stability of our reforms to University funding, so that the interests of both students and taxpayers are fairly represented.