London's universities

Meeting: 
MQT on 2015-12-16
Session date: 
December 16, 2015
Reference: 
2015/4198
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

The Government have announced they would freeze the repayment threshold of graduates paying back their student loans at £21,000 a year meaning the average graduate would pay back about £3,000 extra, while disadvantaged students who had previously been eligible for support grants would be even worse off with the replacement of maintenance grants with loans. How will you ensure that London's universities do not lose out on talent and how will you ensure that disadvantaged young people are still able to access Higher Education? 

Answer

Answer for London's universities

Answer for London's universities

Answered By: 
The Mayor

In the last recorded year (2013/14), a higher proportion of young Londoners (at Level 3) progressed into higher education compared to the rest of England (63% to 58% respectively). For pupils eligible for free school meals (FSM), London's performance is even stronger - 65% to 56% in England. The most recent destination data published by the Higher Education Statistics Agency shows that only 6% of graduates were unemployed, with 89% in work or further study. I am confident that London's higher education institutions will continue to offer value for money in providing life changing opportunities for Londoners.