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

The below Parliamentary question was asked by Gordon Marsden on 2016-05-09.

To ask the Secretary of State for Business, Innovation and Skills, whether the Government plans to introduce a Sharia-compliant Takaful alternative finance product for students unable to access 24+ Advanced Learning Loans as well as for students undertaking higher education courses.

Joseph Johnson

The November 2015 Higher Education Green Paper (Teaching Excellence, Social Mobility and Student Choice) confirms the Government’s intention to introduce, for the first time, a new system of alternative student finance. Work on the new system is ongoing, and includes careful consideration of where and how alternative student finance can deliver the most benefit for students. Subject to Parliament, the Government plans to introduce the system through new primary legislation.