The government replaced the Differentiated Unit Cost formula with the Variable Scholarship and Loan Funding model, grouping students into five bands based on need. Categories are determined through HELB’s Means Testing Instrument, which assesses parental background, school type, family size, marginalisation, disability, and other factors. Under the revised formula, Band 1 students receive 70% scholarship, … Continue reading Why students joining universities should take note of the new funding formula