Tag Archives: international higher education loans

Portable Student Finance for British Students? Probably still a pipe dream.

I think we can put this down to wishful thinking but it appears that loans for British students going abroad were very much part of David Willetts’ plan when he was minister responsible for higher education.

Many countries invest in their future talent to come to the United Kingdom for the purposes of higher education. Speaking at the British Council’s  “Going Global” conference in London earlier this week, Willetts suggested that he would have been delighted to offer reciprocal arrangements for British students.

There is absolutely no doubt in my mind that the ability to borrow money from Student Finance England would be an absolute game-changer for British students. The relative cost of higher education is of little importance when choosing where to study but the ability to be able to afford it is absolutely essential. In short, it doesn’t matter that education in Denmark is free if you cannot get a loan to cover living costs – many students will be shut out.

We have often been asked by journalists and academics in northern European countries why students from lower income families aren’t leaving the UK in droves. The answer has always been that you still need to have money behind you to be able to benefit from a lower cost opportunity. Students without the financial wherewithal are not only unable to take advantage of these options overseas but also unsubtly reminded of the unfairness of British university tuition fees. I accept my analysis ignores the availability of scholarships and bursaries in the UK but evidence that these are reaching the right students is hardly conclusive.

Earlier in the Going Global conference, the new HE minister, Jo Johnson, spoke passionately about his time studying at Universite Libre de Bruxelles and INSEAD in France. Will he now take steps to ensure that any student in the United Kingdom can benefit from similar educational experience? I am not holding my breath (I doubt UK university vice chancellors will be happy to see funding follow the student out of the country…) but I will be asking the question.

You can read the original article on The PIE News website.

Leave a comment

Filed under Higher Education, Student Mobility