![]() The biggest winner is the Treasury, which is estimated to gain an additional £600m in loan repayments, substantially reducing the amount of unpaid loans that would expire after 30 years. The universities minister, Michelle Donelan, said the effect on students with special needs would need to be carefully considered. The DfE says the changes to student finance will have a “neutral impact” and thinks the changes are unlikely to “significantly” change the minds of those aiming to study at university. The eligibility rules are unlikely to apply to mature or part-time students, although the prolonged and faster repayments may put off some students. Will the changes affect how many people go to university ? But strong opposition and a wide range of exemptions may effectively make the policy too difficult to implement. Another is achieving grade 4 passes in GCSE maths and English. ![]() The Department for Education’s consultation suggests achieving two grade Es at A-level or equivalents as one possibility. Potentially, yes: the government has begun a consultation over minimum eligibility requirements to receive loans immediately after leaving school. Will access to student loans be restricted? Current students and graduates with student loans since 2012 will also see their repayment thresholds frozen at £27,000 – that too was meant to rise with inflation, but instead graduates will have to repay more than they otherwise would. However, the government has frozen it at £9,250 since 2016. The undergraduate tuition fee was set at £9,000 in 2012 and was supposed to rise with inflation. The freeze on tuition fees will be extended to those students from England studying full-time, so their institutions will see real-terms cuts in incomes. Will any of the changes affect current undergraduates? But the extra 3% will be scrapped, and RPI used solely. Graduates since 2012 have paid interest based on the retail price index, rising by up to 3% depending on income. They will also be charged a lower interest rate on their outstanding loans. Only students enrolling in 2023-24 will have to sign up for the terms including the 40-year repayment period.
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