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

The below Parliamentary question was asked by Gordon Marsden on 2016-06-13.

To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the expected take-up of postgraduate loans by (a) UK and (b) EU students in (i) 2017-18 and (ii) 2018-19; and if he will make a statement.

Joseph Johnson

The Department’s current central estimate is that around 60,000 students will take out the new postgraduate master’s loan in Academic Year 2016/17. We estimate that a similar number of students will take out the loan in each of the Academic Years 2017/18 and 2018/19. These estimates will be reviewed in light of the student applications received in the first year of the loan’s operation. The new master’s loan will be available to eligible students including those UK students ordinarily resident in England or EU nationals resident elsewhere in the EU who meet the loan’s eligibility criteria. As this is a new loan product this year, it is too early to give an accurate estimate of the domicile of borrowers in 2017/18 or 2018/19.