Higher Education Student Finance arrangements confirmed for the 2013/14 Academic Year

Published on Thursday, 08 March 2012 10:21
Posted by Matthew Abbott

The Government has today announced student finance arrangements for Higher Education in 2013/14.

  • Maximum Maintenance Grants for low income students attending full-time courses will be increased in line with inflation.
  • Maximum charges for tuition and maximum tuition loans will be maintained at 2012/13 levels.
  • Maximum Fee and Course Grants for part-time and full-time distance learning students who started their courses before September 2012 will also be increased in line with inflation.
  • All other grants and loans for living costs will be maintained at 2012/13 levels in 2013/14.

Business Secretary Vince Cable said:

“In tough times we have been able to improve upon the existing student support package. Next year we will increase living cost grants for students from disadvantaged backgrounds, and there is a generous package of support available to all other students.”

Universities and Science Minister David Willetts said:

“We are giving universities early advice so they can ensure prospective students understand the support available to them. This is a sustainable and fair package which gives flexibility to institutions and secure support to students, with more support for disadvantaged students.”

Regulations implementing these changes to student support for 2012/13 will be laid in Parliament before the summer recess.

Source: Department for Business, Innovation and Skills

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