Laurence Robertson – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Laurence Robertson on 2016-01-06.

To ask the Secretary of State for Business, Innovation and Skills, for what reason his Department sets an age limit for the receipt of funding for Masters degrees; and if he will make a statement.

Joseph Johnson

The new loan to support Master’s study has an upper age limit to ensure the scheme overall is affordable and offers value for money. The new postgraduate loan will be repaid from earnings on an income contingent basis, in this case 6% of earned annual income above the threshold of £21,000. We are therefore limiting eligibility to cover those likely to continue in employment and enter repayments.