To ask the Secretary of State for Education and Science what would be the estimated difference in cost to the Exchequer in financial years 1990–91, 1991–92 and 1992–93 of (a) the student loans scheme and (b) the grants system.
The information is as follows:
|2Loans scheme £ million||3Grants scheme £ million|
1 In academic years on the basis of forecast student numbers underlying the forecast of costs and savings associated with the introduction of the loans scheme published on 18 December 1989 at columns 36–40. Information on a financial year basis is not available in the form requested.
2 Including the forecasts of loans outlay, repayments and estimated administration costs.
3 On the hypothesis that what the Government intend should be available for each eligible student as loan will instead be given as grant.