WGPlus (Archive)

Some would say the Barnett Formula settlement for Wales must be too generous if they can afford this!

In September 2016 a radical overhaul of student finance in Wales was published after an independent review led by Professor Sir Ian Diamond and a panel of experts.  The Education Secretary Kirsty Williams has published the Welsh Government’s response, setting out how it will secure the stability & sustainability of higher education and student finance arrangements in Wales.

The Welsh Government will implement, with only minor modification, the Diamond package.  This means the average Welsh student could receive £7,000 a year in grant support while they study, with a pro-rata version available to part-time students.  The maximum level of support available is expected to be more than £9,000 a year for those studying full–time if implemented in 2018/19.

The Diamond review modelled a range of household income thresholds for those eligible for means-tested support.  WAG has decided to set the upper threshold at £59,200. This is an increase of around £8,000 on current arrangements.  This would mean 70% of Welsh students will be eligible for some form of means-tested grant support, in addition to a universal £1,000, with around 35% eligible for the maximum grant.
Researched Links:

WAG:  Plans published for new Welsh student finance system that provides for all

EU student funding guarantee for Welsh universities extended

Tuition fees in Wales frozen

Evidence summary published as part of the Diamond Review

The Golden Thread: A study of the contribution of the project profession to the UK’s economy