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Gordon Brown Down With The Students' Debt

brown_lectern.jpgNew PM Gordon Brown has wasted little time in getting friendly with Britain’s student body. After all, before he became an all-conquering Thatcherite monster, he too went to university.

Under the Government’s new £400million proposals, around 50,000 more students will now qualify to receive the full maintenance grant of £2,800 a year, following the decision to give the grants to any student whose family earns less than £25,000, a massive 50 per cent increase on the previous cut-off point. Also, any student whose family earns up to £60,000 will still qualify for at least a proportion of the grant.

Brown said yesterday, “I want every individual who has the potential and qualifications to succeed in higher education to be given the opportunity to succeed, whatever their family background. No one should be held back from realising their potential by fears that they will not be able to afford to go to university, or that they will graduate with unmanageable levels of debt."

Student groups, universities and opposition MPs broadly welcomed the new plans although fears remain that even more students will find themselves in debt as a result of the fees.


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Posted by alanduffy on July 9, 2007 in Financial News, Rules, Regs & Politics | Permalink

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