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Figure 2: Total amounts paid or assessed by SAAS through awards, fees and loan (£m), 2002-03 to 2007-08
Source: SAAS management information.
Data for this chart taken from Table 1.
2. Total student support paid by SAAS has increased by 4.7% since 2002-2003 to £458.6 million in 2007-2008. Figure 2 shows that after a fall in 2004-2005 (relating to the abolition of Dependants Grant for dependent children 1), the amount of support has risen in each academic year and is now 9.8% higher. This is attributed to the increase in support paid from 2005-2006 through Young Students Bursaries, the introduction of fee loans for study outside Scotland in 2006-2007 and the higher public institution fee rates introduced 2006-2007. Award payments have risen by 30.8% since 2004-2005 to £104.8 million in 2007-2008 and fee payments have increased by 31.4% to £169.5 million. The value of loan authorisations has fallen 19.4% since its peak in 2002-2003 to £184.3 million in 2007-2008 (reflecting the decrease in students applying for loans shown in Table 1 and Figure 1).
3. 22.9% of total support in 2007-2008 consisted of award payments, fee payments (tuition fees and tuition fee loans) accounted for 37.0% and the remaining 40.2% consisted of maintenance loan authorisations.
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