»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp regulations make amendments to legislation governing funding for further education students and higher education undergraduate and postgraduate students in England for the 2025/26 academic year.   »Ê¹ÚÌåÓýappy primarily concern changes to maximum fee loans for undergraduate students and changes to maximum loans and grants for living and other costs for undergraduate students and postgraduate students.

»Ê¹ÚÌåÓýapp provides sufficient evidence and analysis to support the rationale for intervention and considers a wide range of options. »Ê¹ÚÌåÓýapp IA provides a good quantification of the impact of the preferred option on business, individuals and the Exchequer. »Ê¹ÚÌåÓýapp Department justifies the preferred way forward sufficiently, although the comparative assessment would benefit from illustrative monetisation of alternative options.

»Ê¹ÚÌåÓýapp IA estimates that the new lower fee limit will decrease UK tuition fee income for higher education providers by between £152 million and £236 million. »Ê¹ÚÌåÓýappre is a smaller saving to individuals as not all student loans would otherwise be repaid fully, and the IA estimates a cost to households of between -£108 million and -£168 million; these savings being a transfer from providers to students. »Ê¹ÚÌåÓýapp remaining savings are to the Exchequer in not having to cover loans that would otherwise not have been repaid fully, and other reduced subsidy costs.