Question to the Department for Education:
To ask the Secretary of State for Education, with reference to paragraph 46 of the Success as a knowledge economy White Paper published in May 2016, what plans she has to introduce an alternative model of student finance including Sharia-compliant student loans.
The Government has introduced the primary legislation required to allow alternative student finance, consistent with the principles of Islamic finance, to be offered alongside grants and loans. The Higher Education and Research Bill is currently before Parliament.