Students: Finance

Department for Education written question – answered on 8th March 2017.

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Photo of Anne Main Anne Main Conservative, St Albans

To ask the Secretary of State for Education, with reference to paragraph 46 of the Success as a knowledge economy White Paper published in May 2016, what plans she has to introduce an alternative model of student finance including Sharia-compliant student loans.

Photo of Jo Johnson Jo Johnson Minister of State (Department for Education) (Universities and Science) (Joint with the Department for Business, Energy and Industrial Strategy), Minister of State (Department for Business, Energy and Industrial Strategy) (Universities and Science) (Joint with the Department for Education)

The Government has introduced the primary legislation required to allow alternative student finance, consistent with the principles of Islamic finance, to be offered alongside grants and loans. The Higher Education and Research Bill is currently before Parliament.

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