05/07/2007

Support increased for students

The government has announced an increase in student support in higher education to ensure that all those with the potential and qualifications, no matter what their background, will have the opportunity to participate in higher education.

The Prime Minister, Gordon Brown said: "I want every individual who has the potential and qualifications to succeed in higher education to be given the opportunity to participate, whatever their family background."

Secretary of State for Innovation, Universities and Skills, John Denham said that a substantial number of students entitled to non-repayable maintenance grants from 2008/09 would benefit. Full-time students from families with incomes of up to £25,000 will be entitled to the maximum grant, compared to the 2006/07 threshold of £17,500.

In addition, students from families with incomes of up to £60,000 will also now be entitled to a partial grant - meaning a third of students from 2008/09 onwards will now receive a full grant (worth £2,825 a year) and a further third of students will receive a partial grant.

Mr Denham also announced that all those 16 years olds who qualify for an Education Maintenance Allowance will be given a firm guarantee of the amount of financial support they will receive if they choose to go on to participate in higher education. The Government will also offer graduates increased choice over how they repay their student loans.

Graduates will have the option of taking 'repayment holidays' at a time of their choosing, for up to five years in total.

(SP/JM)

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