Welsh government considers response to England postgrad loans

The Welsh government has said it will “look at all the options” before deciding whether to follow England’s lead in introducing postgraduate loans

December 11, 2014

The statement came amid warnings of a “brain drain” of students across the border if the Cardiff government does not match the offer in England of loans of up to £10,000 for master’s students aged under 30, which was announced in the chancellor’s Autumn Statement.

NUS Wales called on the Welsh government to confirm details of any additional cash it would be receiving from Westminster under the Barnett funding formula, and to match the spending commitment.

“English universities will be able to offer courses to Welsh students who will have the option for £10,000-a-year loans. If Welsh universities aren’t in a position to offer the same, how can Wales expect to compete?” said NUS Wales president Beth Button.

“The danger is Wales could suffer a brain drain of the brightest and best postgraduate students going to study at English universities with more generous funding support.”

Postgraduate loans are expected to be available in England from 2016-17, with the government hoping to encourage about 10,000 additional learners to embark on postgraduate study every year.

The Treasury puts the initial cost of the system at £1.5 billion over four years. The loans would be paid back concurrently with undergraduate loans, with a consultation on the detailed design of the scheme expected early next year.

A Welsh government spokesman confirmed that chancellor George Osborne’s announcement covered students applying for support from Student Finance England only.

“We will consider the detail and look at all the options before deciding on next steps for Wales,” he said.

The spokesman added that postgraduate funding is one of the areas to be considered by the review of higher education funding in Wales that is being led by Sir Ian Diamond, the principal of the University of Aberdeen.

chris.havergal@tesglobal.com

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

Most Commented

question marks PhD study

Selecting the right doctorate is crucial for success. Robert MacIntosh and Kevin O'Gorman share top 10 tips on how to pick a PhD

India, UK, flag

Sir Keith Burnett reflects on what he learned about international students while in India with the UK prime minister

Pencil lying on open diary

Requesting a log of daily activity means that trust between the institution and the scholar has broken down, says Toby Miller

Microlight pilot flies with flock of cranes

Reports of UK-based researchers already thinking of moving overseas after Brexit vote

Portrait montage of Donald Trump and Nigel Farage

From Donald Trump to Brexit, John Morgan considers the challenges of a new international political climate