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Your quickfire guide to the planned changes to student funding.
In November we reported that the Government were preparing their response to the 2019 Augar Report into Higher Education funding.
Here's what you said about the reported changes:
"The repayments of the loan for me will be devastating at such a low wage."
"If this was to happen before I started, I may never have come to University in the first place."
"I feel we will lose a lot of students in my position or at the most part put them off completely as it would not be worth the financial strain."
Last week, the Government published their response to the report, and announced significant changes to the Further and Higher Education funding system:
The Augar Report is a 2019 report led by Dr Philip Augar (author and former Investment Banker) on the reform of further and higher education funding (consisting of 200 pages!)
The report was commissioned to assess the cost of student funding both on taxpayers and students, 10 years since the last review of the funding system. It was commissioned by the Prime Minister in 2018 to 'drive up quality, increase choice and ensure value for money'.
The Government have spent time considering the report and have just set out their response to the report and how it plans to act on the recommendations.
Here's what your SU Officers have to say:
"This report jeopardises the accessibility and inclusivity of university, with disproportionate impact on students just starting out in careers or deter people starting their own businesses. The strain of repaying loans will loom over the entire career of every graduate."
What are your thoughts on the review? Join the conversation on our Instagram, Twitter or Facebook, or by emailing studentrights@shu.ac.uk.
https://russellgroup.ac.uk/policy/policy-documents/briefing-on-the-augar-report/
https://www.moneysavingexpert.com/news/2022/02/student-finance-loans-changes-education/
https://wonkhe.com/blogs/the-augar-review-the-essential-overview-for-he/ Written by Ryan Coleflax