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<p>This government believes that a university education should be available to everyone
who has the potential to benefit from it, and that higher education providers must
continue to take steps to level the playing field for those from disadvantaged backgrounds
and other under-represented groups. All providers wishing to charge tuition fees above
the basic fee level must have an access and participation plan agreed by the higher
education regulator, the Office for Students. Through these plans, providers set out
the targets and their planned activity to support improved access and successful participation
for students from disadvantaged backgrounds and under-represented groups.</p><p>The
current student finance system removes financial barriers for those hoping to study
and is backed by the taxpayer. The government provides maintenance loans and supplementary
grants to help with the costs of living, targeting the most support at those from
the lowest income families. Living costs support increased by 10.3% for eligible students
on the lowest incomes in 2016/17 compared to the previous system. Further inflationary
increases in living costs support have been made in each academic year since with
a further increase of 2.9% announced for the 2020/21 academic year taking the support
available for the lowest income students to record levels.</p><p>Student loan repayments
are linked to income, not to interest rates or the amount borrowed. The repayment
system is designed to be progressive and borrowers on lower incomes are not obliged
to repay their loans, with outstanding debt written off after 30 years.</p>
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