GovWire

This sets out the potential economic impact of the introduction of the lifelong loan entitlement (LLE) from 2025. The LLE will provide individuals with a loan entitlement to the equivalent of 4 years of post-18 education to use over their working lives.

The LLE will be available for modular and full-time study at higher technical and degree levels. People will be able to space out their studies and learn at a pace that is right for them. This includes choosing to build up their qualifications over time, within FE and HE providers.

More detail on the scope of theLLE can be read in the consultation response.

The analysis in this impact assessment follows on from the analysis included in measure 1 of the skills and post-16 education impact assessment. This received a green rating from the Regulatory Policy Committee.