Meeting of the Parliament 12 June 2018
As Iain Gray says, England did it last year, but it has a much higher interest rate. It is simply not possible to do this in a different timeframe unless the Labour Party is suggesting that we use that higher interest rate, which has already affected students. I will ensure that we deliver this as quickly as possible.
The year that is required to introduce the bursary changes is also a legislative requirement to ensure that it is done for the academic year following that. The decisions for bursaries and loans for future years will be taken as part of the budget process.