University graduates
Media playback is unsupported on your device

Budget 2015: Osborne swaps grants for loans

Chancellor George Osborne has announced that student grants are to be abolished, and replaced by loans.

Delivering his Budget, Mr Osborne said the changes would take effect from 2017.

He said grants had become "unaffordable", and that it was "unfair" to ask the taxpayer to "fund the grants of people who are likely to earn more than them".

  • 08 Jul 2015
Go to next video: Students split over value for money