Suella Braverman, Reform UK’s education spokesperson, says today, Reform UK would stop foreign students who are resident in the UK accessing student loans.
In recent years universities have become increasingly dependent on foreign students. They can charge them much higher fees, and the income from foreign students helps to fund the teaching for students from Britain, whose fees are capped.
The Reform UK policy would not affect these foreign students – because they cannot access the UK student loan system anyway. Instead, the policy would apply to UK resident foreign students – e.g. EU nationals with settled status (permission to live in the UK granted as part of the Brexit settlement, because they were here before) and foreigners with indefinite leave to remain in the UK.
Explaining the policy, Reform UK said: "Currently, 270,000 - 300,000 UK resident foreign nationals access £4bn worth of taxpayer-backed student loans each year, many of which are unlikely ever to be repaid. At the same time, British graduates face long-term debt and rising living costs. This measure will save approximately £2bn annually." The party said resident foreign students from Hong Kong and Ukraine would not be covered by this policy.
As the Reform UK party acknowledges in its news release, stopping people with EU settled status living in the UK from accessing the UK student loan system would require a renegotiation of the UK’s Brexit deal with the EU. The EU would not give up this concession lightly, and any attempt to renege on the agreement could lead to Brussels imposing retaliatory measures of its own.
April 22nd Limerick (July '21 & July'23 AND....)
