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Two-thirds of students to get grants
Friday, 02 November 2007
Two-thirds of students starting university in September 2008 will receive non-repayable grants to help fund the cost of living and their studies, the government has announced.
More than 180,000 new university-goers will receive a non-repayable maintenance grant, with a third of those set to be given the full grant amount of £2,385.
At the same time, future graduates from households earning up to £60,005 a year will now receive a partial grant, compared to the previous top level of £39,305.
The government claimed the changes would help remove any financial barrier to further education and as a result encourage more people to go to university.
John Denham, Secretary of State for Innovation, Universities and Skills, told the Daily Mail: "The key things we are trying to get across, particularly for those from lower-income households is that there should be no financial barrier to going on to further education.
"We can't say that some have decided not to go to university because of their finances, but this change should mean it becomes less of a concern for many would-be students and their families," he added.
Figures published by Credit Action revealed that the average graduate debt is now more than £12,000, with 54 per cent of graduates leaving university with debts in excess of £10,000.