Question to the Department for Education:
To ask the Secretary of State for Education, what progress his Department has made towards establishing a Takaful-based funding structure for financial support for students in higher and further education.
The government is considering the Alternative Student Finance (ASF) product carefully and will provide a further update with the full and final conclusion of the Post-18 Review of Education and Funding. The interim report of the review was published on 21 January 2021, and the review is scheduled to conclude alongside the next multi-year Spending Review. An update on the ASF product will be provided at that time.