Concerns over student debt for poorest students
The Sutton Trust’s Independent Commission on Fees have recently produced a report exploring the upcoming changes to university funding and found that poorest students will be left with higher debts than students from better off families which are partly financially supported by their families.
The university funding changes outlined in the Budget include replacing means-tested grants with loans and linking fees to inflation rates.
The Sutton Trust found that once means-tested grants are scrapped in favour of loans, students on a three year course could leave university with £53,000 worth of debt. It is assumed that students from better off families will be able to access some form of financial support from their parents, helping to alleviate debt. However, this means that it will be students from the poorest backgrounds which are likely to leave university with the highest debt.
For the BBC’s coverage of this news story please click here.