Institute for Fiscal Studies says chancellor’s changes to maintenance grants will ‘increase cost of higher education’The government will push university students from poorer backgrounds further into debt following reforms announced in the budget that will save the Treasury £2bn in the first year,according to a main tax and spending watchdog.
The Institute for Fiscal Studies (IFS) said George Osborne’s reforms of higher education funding, which will scrap university maintenance grants in 2016-17 for the poorest 40% of students and convert them into loans, or “will result in substantially higher debt for the poorest students”.
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Source: theguardian.com