A fresh attempt to stop the Government retrospectively raising student loan repayments has ended in defeat, after an amendment to new legislation was narrowly voted down in the House of Lords last night.
Students taking higher-level technical courses in areas such as construction, digital skills and social care will be able to apply for maintenance loans from the 2019/20 academic year, Chancellor Philip Hammond announced today.
The Government has today kick-started the sale of pre-2012 student loan debt and has been quick to dismiss concerns the process could negatively impact graduates.
The value of Government-owned student-loan debt to prospective buyers has been cited by Chancellor Philip Hammond as a reason not to reverse a retrospective freeze on the threshold at which graduates begin to repay their loans.
Labour peers have joined the battle against the retrospective hike in student loan repayments, with the Higher Education and Research Bill going through its second reading in the House of Lords this afternoon.
The average Welsh student could potentially pocket £7,000/year in maintenance grants from September 2018 under plans by the devolved government - with students from higher-income families each receiving a grant of at least £1,000/year.
The Government has been accused of behaving like a payday lender following its latest refusal to reverse its retrospective freeze on the threshold at which graduates begin to repay their student loans.
Parents of students going to university are facing a large hidden hike in the amount they are expected to contribute to support their child's living costs, with some now asked to pay over £5,300 a year, MoneySavingExpert.com analysis reveals.
Students at several major UK universities have been targeted by 'phishing' emails which claim to offer them a Government bursary - and some have lost £100s as a result. As students get ready for the new academic year, here's what to watch out for.
16 September 2016
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