HL Deb 31 July 1997 vol 582 c103WA
Baroness Miller of Hendon

asked Her Majesty's Government:

How much the proposed charges to university students in the form of a contribution to their tuition fees will raise in a year; and

How much the proposed abolition or reduction of maintenance grants to university students will save in a year.

Lord Whitty

The following table shows the estimated savings associated with the introduction of tuition fees and the replacement of grants with loans, along with the associated costs of extending loans, under the Government's preferred approach to the future funding of higher education announced on 23 July. Figures are shown for the financial years 1998–99 to 2000–2001 and are at 1995–96 prices. The net savings are therefore notional and have been derived independently of current expenditure plans. They are also dependent on the phasing of the introduction of the new loans arrangements.

£ millions
1998–99 1999–2000 2000–01
Additional loans expenditure1 (400) (750) (1,100)
Grants savings 250 600 850
Tuition fee savings 150 250 400
Net savings 0 100 150
1 Costs are shown in brackets.