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Higher Education Students (Loans, Grants and Fees)

Volume 464: debated on Wednesday 10 October 2007

On 5 July 2007 my right hon. Friend, the Secretary of State for Innovation, Universities and Skills, announced that the minimum threshold of family income for a full maintenance grant would be increased from £17,500 to £25,000; and that the threshold for eligibility for a partial maintenance grant should rise to £60,000. This will mean that one third of eligible students entering higher education in 2008-09 will be entitled to a non-repayable grant of up to £2835; and another one third to a partial grant. Once these measures are fully implemented we estimate that 50,000 more students each year will receive full grants and over 100,000 extra students each year partial grants.

I placed a memorandum in the Library on 2 July giving details of the increased loan, grant and fee rates for the 2008-09 academic year. These are unchanged. However the detailed tables also included in the memorandum gave income thresholds for the maintenance grant and non means tested element of the student loan which have now been raised. I have now placed a revised memorandum in the Library which includes revised tables which make clear the levels of support available to new entrants in 2008-09, as well as tables of support for continuing students.