Sharia-compliant Student Finance

Baroness Manzoor Excerpts

Wednesday 13th November 2024 Lords Chamber

[Baroness Smith of Malvern (Lab)]

I think it would be fair to say that that was the question I asked at the point at which it was suggested to me that we should link the delivery of the ASF to the introduction of the lifelong learning entitlement. I think that the last Government were right in making that decision, because the lifelong learning entitlement brings about a fundamental change to the system of student finance, and it is important that, to be able to access the alternative student finance provisions effectively, they are linked to the overarching system for student support. We are introducing the lifelong learning entitlement for applications from September 2026 and for courses and modules that begin from January 2027.

[Baroness Manzoor (Con)]

My Lords, will the Minister say what the Government are doing to raise awareness of sharia-compliant finance to all students and what training is being offered to those that work in this sector?

[Baroness Smith of Malvern (Lab)]

For students, we are raising information about, for example, degree apprenticeships that would allow students to study towards a degree while they work, without paying for tuition. Students can also find information on other forms of support on GOV.UK, including bursaries, scholarships and awards for eligible students to ensure that, as the noble Lord pointed out, we help to make progress for the about 6,000 students per year that the Muslim census suggested might not be able to access higher education because of the nature of mainstream student finance.