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Students: Finance

Question for Department for Education

UIN 104381, tabled on 14 January 2022

To ask the Secretary of State for Education, what plans his Department has to introduce Sharia-compliant alternative student finance.

Answered on

21 January 2022

​​​The government has been carefully considering an alternative student finance product, alongside wider reforms to the higher education system, and an update will be provided alongside the conclusion to the Review of Post-18 Education and Funding. The interim conclusion of the Review of Post-18 Education and Funding was published on 21 January 2021, and we will conclude the Review in full at a future date.​

The government undertook an assessment of the impact of interest-bearing loans on Muslim students in the impact assessment for the Higher Education and Research Act 2017, which was published in December 2017, and can be found at: https://www.gov.uk/government/publications/higher-education-and-research-act-impact-assessments.