Gordon Marsden – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Gordon Marsden on 2016-04-26.

To ask the Secretary of State for Business, Innovation and Skills, pursuant to the Written Statement of 26 April 2016, HCWS701, what estimate he has made of the cost to the public purse of the proposed changes to eligibility to student support for people with long residency in the UK.

Joseph Johnson

From 2016/17, the average student loan outlay for each additional student eligible for student finance is estimated to be between £15,000 and £17,000 depending on the household income of the students. Students could also be eligible for an average of £300 of support for allowances such as the Disabled Students Allowance. An additional 2,400 students, as estimated, could lead to around £40m in loan outlay and £0.7m in allowances annually. In RAB terms, the annual costs for 2,400 students could be £10m.