Students: Finance

(asked on 14th January 2022) - View Source

Question to the Department for Education:

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


Answered by
Michelle Donelan Portrait
Michelle Donelan
Secretary of State for Science, Innovation and Technology
This question was answered on 21st 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.

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