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1110678
registered interest false more like this
date remove filter
answering body
Department for Education more like this
answering dept id 60 more like this
answering dept short name Education more like this
answering dept sort name Education more like this
hansard heading Students: Loans remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what plans they have to review the rates of interest charged on student loans to ensure they properly reflect the Bank of England interest rate. more like this
tabling member printed
Baroness Brady more like this
uin HL15142 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-25more like thismore than 2019-04-25
answer text <p>The system for setting interest rates on student loans is set out in The Education (Student Loans) (Repayment) Regulations 2009, as amended. The Department for Education sets the interest rate as instructed by the regulations.</p><p> </p><p>For post-2012 student loans, the department regularly monitors the interest rates set on student loans against the interest rates prevailing on the market. The most appropriate comparators for undergraduate student loans are the effective interest rates available on unsecured personal loans, as published by the Bank of England (data series CFMBJ77 and CFMBJ94). Both rates continue to be above the maximum interest rate charged on student loans.</p> more like this
answering member printed Viscount Younger of Leckie more like this
question first answered
less than 2019-04-25T14:52:48.047Zmore like thismore than 2019-04-25T14:52:48.047Z
answering member
4169
label Biography information for Viscount Younger of Leckie more like this
tabling member
4339
label Biography information for Baroness Brady more like this
1110795
registered interest false more like this
date remove filter
answering body
Department for Education more like this
answering dept id 60 more like this
answering dept short name Education more like this
answering dept sort name Education more like this
hansard heading Students: Loans remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Education, what steps he is taking to ensure that maintenance loans are available to all students. more like this
tabling member constituency Dudley North more like this
tabling member printed
Ian Austin more like this
uin 242749 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-04-15more like thisremove minimum value filter
answer text <p>Eligible full-time students attending full-time undergraduate higher education courses qualify for maintenance loans. All such students, regardless of their income, qualify for a minimum loan with additional support for disadvantaged students.</p><p>For the current academic year, 2018/19, students on family incomes of £25,000 or less who are living away from the parental home and studying outside London qualify for a maintenance loan of £8,700, increasing to £8,944 for the 2019/20 academic year. Higher rates of loan are available for students living away from home and studying in London.</p><p>Since August 2018, new students attending part-time degree level courses have also qualified for partially means-tested maintenance loans. Information on student support for undergraduate students, including maintenance loans, can be found at: <a href="https://www.gov.uk/get-undergraduate-student-loan" target="_blank">https://www.gov.uk/get-undergraduate-student-loan</a>.</p><p>The government’s review of post-18 education and funding is looking at how we can ensure that the education system for those aged 18 years and over is accessible to all. The review’s focus includes how disadvantaged students and learners receive maintenance support, both from government and from universities and colleges.</p><p> </p>
answering member constituency Kingswood more like this
answering member printed Chris Skidmore more like this
question first answered
less than 2019-04-15T15:20:08.193Zmore like thismore than 2019-04-15T15:20:08.193Z
answering member
4021
label Biography information for Chris Skidmore more like this
tabling member
1511
label Biography information for Lord Austin of Dudley more like this