Langue(s) : anglais 

The post 18 Education and Funding Review: Government conclusion

Auteur(s) :  Joe Lewis, Paul Bolton

Editeur(s) :  House of Commons Library

Date :  03/2022

 

The Government’s conclusion to its post-18 education and funding review comprised a statement setting out policy interventions and proposals for consultation, a consultation on the lifelong loan entitlement, and an equality analysis.

The conclusion of the review announced several changes to the student finance system for new students and existing borrowers. For new students starting study from academic year 2023/24, this included:

the annual salary threshold at which student loans are repaid will be lowered to £25,000 and remain at this level until 2027; the repayment term of the student loan will be extended from 30 years to 40 years; and the maximum interest rate on student loans will be set at inflation only, as measured by the rate of the Retail Prices Index (RPI).

For current borrowers, the salary repayment threshold will be maintained at its current level of £27,295 until 2025.

The Government also announced tuition fees will be frozen for a further two years at £9,250, and the student finance available for higher technical qualifications at levels 4 and 5 will be aligned with the support available for degrees.

Consultations on whether to introduce caps on student numbers in higher education, and whether to establish minimum eligibility requirements to access student finance, such as achieving a grade 4 (previously a C) in English and maths at GCSE or two E grades at A level, were also announced.

The Government also launched a consultation on the ambition and scope of the lifelong loan entitlement, which, from 2025, will provide four years of funding for post-18 education for use over a person’s lifetime.

SOMMAIRE

1. Background
1.1 The independent panel report (Augar report)
1.2 Interim conclusion

2. Conclusion of the review: policies and proposals for consultation
2.1 Summary
2.2 Changes to the student finance system
2.3 The lifelong loan entitlement
2.4 Student numbers and outcomes
2.5 Higher education funding

3. Responses to the conclusion of the review
3.1 Labour
3.2 Sector responses

4. Financial impact of the proposals
4.1 Public spending on higher education
4.2 Graduate repayments
4.3 Universities

Télécharger le document :  https://researchbriefings.files.parliament.uk/.../CBP-9348.pdf

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