On 5th April, a vote took place on a Regret Motion tabled by Labour’s Lord Stevenson of Balmacara to two Regulations changing student loan terms and amounts. The Bishop of Peterborough took part.
Lord Stevenson of Balmacara moved to resolve that this House regrets that the Higher Education (Basic Amount) (England) Regulations 2016 and the Higher Education (Higher Amount) (England) Regulations 2016 together with retrospectively changed loan conditions for existing students are further incremental burdens on students that risk worsening the opportunities for young people from low-income backgrounds, mature students and those undertaking part-time courses; and calls on Her Majesty’s Government to report annually to Parliament on the impact on the economy of the increasing quantum of graduate debt, estimates of payback rates, and the estimate of the annual cost to the Exchequer of the present system.
The House divided:
Contents: 174 | Not Contents: 163 | Result: Government Defeat