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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Monday, 23 February 2015, in the House of Lords. It was due for an answer on Monday, 9 March 2015. It was answered by Baroness Williams of Trafford (Conservative) on Monday, 16 March 2015 on behalf of the Department for Business, Innovation and Skills.

Students: Housing

Question

To ask Her Majesty’s Government what steps they are taking to address rising house prices and their impact on university students.

Answer

The Government does monitor student income and expenditure which helps us to understand how students manage their finances while studying in higher education. It has been a longstanding principle of student support that grants and loans for living costs are generally paid as a contribution towards a student’s living costs rather than to cover them in their entirety.

Eligible students attending full-time undergraduate courses that are designated for student support can apply for fully means-tested Maintenance Grants and loans to help with living costs, 35% of which are based on a student’s household income. Maximum loans for living costs (sometimes known as maintenance loans) have been increased by 3.34% (using the forecast Retail Price Index excluding mortgage interest payments [RPI-X] for 2015/16)

Secondary information

Type
Written question
Reference
HL5089
Session
2014-15
Subjects
Housing Prices Students
Link
View this Written question on www.parliament.uk