Budget 2015: Student Cuts Explained
Share This Article:
Oh George Osbourne, it's almost as if you want to exaggerate and establish a divide between the rich going to university and the poor, well, not. Today brought George Osbourne, First Secretary of State (somehow), announcing the following year's Budget. It takes only one look at twitter to see that students across the country are livid over the announcement, but what has actually happened? Osbourne has declared that maintenance grants for students from a poorer background will be cut and replaced with maintenance loans, meaning such students will have to pay back every last penny of what got them through their higher education. This is Osbourne's first all-Conservative Budget since 1996, and hopefully his last. For those unaware, maintenance grants are "living" grants that help pay for student's accommodation, food and living essentials. You do not have to pay back a grant. You do, however, have to pay back a loan.
- Article continues below...
- More stories you may like...
- Universities must do more to tackle the BAME attainment gap, report says
- EU students will continue to pay home tuition fees
- SOAS lecturer elected as MEP for far-right party