Students: Loans

Department for Education written question – answered on 23rd April 2018.

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Photo of David Simpson David Simpson Shadow DUP Spokesperson (Environment, Food and Rural Affairs), Shadow DUP Spokesperson (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Education, whether he has plans to increase the maintenance loan for students to help prevent them going in to overdrafts.

Photo of Sam Gyimah Sam Gyimah Minister of State (Business, Energy and Industrial Strategy) (Higher Education), Minister of State (Education)

The government has announced an increase of 3.2% to the maximum loans for living costs for full-time students starting their courses in the 2018/19 academic year – the highest levels on record.

In addition, new students attending honours degree courses (and other level six courses) from academic year 2018/19 on a part-time basis will, for the first time, qualify for loans for living costs.

The Review of Post-18 Education and Funding will consider how we can provide a joined up system that is accessible to all students. It will consider how learners receive maintenance support, both from government and from universities and colleges. The review will receive input from an expert independent panel who will publish their report at an interim stage, before the government concludes the overall review in early 2019.

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