Introduction of a Student Loans Facility for Students in Higher Education.

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A decision made (05/04/2007) regarding: Introduction of a Student Loans Facility for Students in Higher Education.

Subject:	Introduction of a Student Loans Facility for Students in Higher Education
Decision Reference:	MD-ESC-2007-0021	Exempt clause(s):		n/a
Type of Report (oral or written):	Written	Person Giving Report (if oral):		n/a
Telephone or e-mail Meeting?	n/a	Report File ref:		As title
Written Report – Title:	Student Loans	Written report – Author:		D Greenwood : Assistant Director : Culture & Lifelong learning
Decision(s): The Minister approved the draft Report and Proposition attached at Appendix 2
Reason(s) for decision: The proposed scheme will involve a States guarantee to the banks and, for accounting purposes, the guarantee will be considered as ‘States borrowing’. In view of this it will be necessary for the Minister for ESC to seek States approval for this change in policy and, subsequently the Treasury and Resources Minister will need to seek States approval for increasing the States borrowing limit
Action required: Instruct officers: A) to submit the report to the Greffier for lodging ‘au Greffe’ and inclusion on the States Order Paper; B) liaise with Officers in the Treasury to advise the Treasury and Resources Minister on the contents of the Report and Proposition so that he can prepare a Report and Proposition on the need to increase the States borrowing limit.
			Date of Decision: 5 April 2007