Sharia-compliant Student Finance Debate

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Sharia-compliant Student Finance

Lord Flight Excerpts
Thursday 25th July 2019

(4 years, 9 months ago)

Lords Chamber
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Viscount Younger of Leckie Portrait Viscount Younger of Leckie
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I have been pressed on that matter before and I am unable to give a date for the review. But on the tuition fees process and system, I have said that we will announce the results of the Augar review at the spending review and this, of course, is included in that. So, it makes sense to make the announcement when we are ready to do so and to give an update at that point.

Lord Flight Portrait Lord Flight (Con)
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My Lords, might the delay result from it being too difficult to find a substitute for interest to match the two student loan models? If there is not something similar, it can be argued that one side or the other is benefiting more.

Viscount Younger of Leckie Portrait Viscount Younger of Leckie
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It is helpful to hear that from my noble friend. It is a complex issue, but we have made progress. As I said earlier, we have legislated to make the introduction of the system possible but we need to work through these complex issues. There is no point rolling the system out when it is not fit for purpose.