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Students: Loans

Question for Department for Education

UIN 137261, tabled on 13 January 2021

To ask the Secretary of State for Education, whether his Department has made an assessment of to what extent the interest payable on student loans is a potential barrier to Muslim students.

Answered on

20 January 2021

The government assessed the merits of a sharia-compliant alternative finance product, including the views of students and other stakeholders, as part of the response to the consultation published in September 2014. The consultation response is at the link below:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/349899/bis-14-984-government-response-to-a-consultation-on-a-sharia-compliant-alternative-finance-product.pdf.

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