Skip to main content

Students: Loans

Question for Department for Education

UIN 26873, tabled on 28 June 2022

To ask the Secretary of State for Education, whether it is his policy to increase the size of student loans in line with the rate of inflation.

Answered on

4 July 2022

The department is currently reviewing options for uprating maximum grants and loans for the 2023/24 academic year.

Maximum grants and loans for living costs were increased by 3.1% this academic year, and the department has announced that they will increase by a further 2.3% in the 2022/23 academic year.

In addition, we are freezing maximum tuition fees for the 2022/23, 2023/24 and 2024/25 academic years. By the 2024/25 academic year, maximum fees will have been frozen for seven years.

The 2022/23 financial year guidance to the Office for Students (OfS) confirms universities will continue to be able to support students in hardship through the student premium. Ministers’ Strategic Priorities Grant guidance letter to the OfS asks that the OfS looks to protect the student premium in cash terms for the 2022/23 financial year.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.