皇冠体育app

Secretary of State for Business Innovation and Skills, Vince Cable, has today laid before Parliament improvements to the proposed package of reforms to higher education funding and student finance in England.

皇冠体育app Government has announced the following improvements to the existing package:

鈥� All eligible part time undergraduate students studying for at least 25% of their time will qualify for full loan support for their tuition costs, compared with the 33% originally proposed: they will no longer have to pay up front fees.

鈥� 皇冠体育app 拢21,000 earnings threshold will be uprated annually in line with earnings from 2016, when the first graduates under the new system start repayments, rather than every five years as originally proposed. No graduate will repay anything until they reach that income threshold.

鈥� 皇冠体育app 拢15,000 earnings threshold that applies in the current student finance system will be uprated annually in line with inflation from 2012. 皇冠体育app 拢15,000 threshold has never been uprated since its announcement in 2004. This change will help existing graduates.

Secretary of State Vince Cable said:

鈥溁使谔逵齛ppse reforms will introduce a significantly fairer and more progressive new system in which no eligible student has to pay upfront fees. 皇冠体育appre is a better deal for students while they are studying and a fairer system of repayments for those who have completed their studies and are realising the benefits of a university education.

鈥淲hen we announced the reforms last month, we said we would welcome further discussion about the proposals. We have been listening to concerns from universities, students, parents and parliament; and in light of those discussions, I am today announcing further enhancements to the package.鈥�

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