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    next year I will be applying for a postgraduate degree as I will have finished my first degree.
    I will then be 60 and, apparently, not eligible for a loan.
    How can postgraduate loans discriminate on age?
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    (Original post by Elenajane)
    next year I will be applying for a postgraduate degree as I will have finished my first degree.
    I will then be 60 and, apparently, not eligible for a loan.
    How can postgraduate loans discriminate on age?
    My understanding is that loans and credit are allowed to discriminate because it is to prevent people ending up in unsustainable levels of debt once they retire.

    See the section on financial services here: http://www.equalityhumanrights.com/a...ation-services
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    Thank you for your reply and I've read the link.
    However, I really don't think it is correct to have a blanket discriminatory age of 60 in view of the fact that the retirement age is not until at least 67. The provider is not taking into account income available to support the loan, which for many of us, will be rather comfortable. In many ways it is like not giving loans to child bearing age women as, when have children, they may end up with unsustainable levels of debt.
    Surely it should be based on individual circumstances and not a blanket age.
    Obviously, nothing personal towards you, just somewhat disappointed that us older people are just grouped together and no longer seen as valued individuals.


    (Original post by PQ)
    My understanding is that loans and credit are allowed to discriminate because it is to prevent people ending up in unsustainable levels of debt once they retire.

    See the section on financial services here: http://www.equalityhumanrights.com/a...ation-services
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    (Original post by Elenajane)
    Thank you for your reply and I've read the link.
    However, I really don't think it is correct to have a blanket discriminatory age of 60 in view of the fact that the retirement age is not until at least 67. The provider is not taking into account income available to support the loan, which for many of us, will be rather comfortable. In many ways it is like not giving loans to child bearing age women as, when have children, they may end up with unsustainable levels of debt.
    Surely it should be based on individual circumstances and not a blanket age.
    Obviously, nothing personal towards you, just somewhat disappointed that us older people are just grouped together and no longer seen as valued individuals.
    I agree that it's not very fair - but it appears to be legal (albeit because the finance companies lobbied for exemption from the law).

    It might be worthwhile contacting your MP or the minister responsible for student finance rules (https://www.gov.uk/government/people/jo-johnson ) and asking for the equality impact assessment for the new PG loans (and for the evidence that the EA2010 law was followed: "the assessment must be done by reference to relevant information from a source on which it reasonable to rely" ). A FoI request to SFE might help (not that I can find contact details for SFE beyond their helplines https://www.gov.uk/contact-student-finance-england ). Although none of this is likely to result in changes in the short term
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    Thank you so much for your advice and support.
    As you say, worth contacting the departments you have suggested even if no changes are forthcoming.
    Thanks again

    (Original post by PQ)
    I agree that it's not very fair - but it appears to be legal (albeit because the finance companies lobbied for exemption from the law).

    It might be worthwhile contacting your MP or the minister responsible for student finance rules (https://www.gov.uk/government/people/jo-johnson ) and asking for the equality impact assessment for the new PG loans (and for the evidence that the EA2010 law was followed: "the assessment must be done by reference to relevant information from a source on which it reasonable to rely" ). A FoI request to SFE might help (not that I can find contact details for SFE beyond their helplines https://www.gov.uk/contact-student-finance-england ). Although none of this is likely to result in changes in the short term
 
 
 
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