Student Support (Non-Interest-Bearing Finance) Bill [HL]

Key Points

• Establishes non-interest-bearing student finance facilities for eligible students.
• Sets out eligibility, administration and repayment rules for these facilities.
• Aims to lessen the cost of studying by removing interest charges on the loans.
• Provides funding and oversight arrangements for the facilities (to be determined by the Bill).
• Has implications for access to higher education and for public finances.

Progress

Currently at the 2nd reading in the Lords. If it progresses, it will move to the Committee stage in the Lords, then on to the Commons for consideration.