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News that Alex Salmond, the leader of the ruling SNP in Scotland, has been somewhat liberal with his recent comments about housing budgets and assistance has caught the attention of opposition...
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Tuesday 4th December 2007
A spokesman for the National Union of Students (NUS) has claimed that the fallout from the credit crunch has not had a major impact on this year's student intake.
He suggested that part of this could be down to the widening of the eligibility criteria for government grants - something that the NUS has welcomed.
"I have not seen too much to suggest that banks are overly worried about students. The risk outlay on students is that much less than for giving out a mortgage and they also take the view that a graduate is likely to be a customer for the rest of their life and they are willing to take that risk," the spokesman explained.
However, he suggested that the impact of the credit crunch may become "more apparent" in next year's intake.
Similarly, he suggested that it will take a "couple more years" before the full benefit of the widened criteria for government grants can be properly assessed.
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