Tabled by
Baroness Wolf of Dulwich
16: After Clause 35, insert the following new Clause—
“Providers of technical education: guarantee to students
(1) Any providers of technical education who are not covered by the insolvency regime created by this Act must provide a guarantee from a reputable financial institution to each Government supported student that, if the provider is made insolvent, the financial institution will cover the cost of operating that student's course until a suitable end point.
(2) In subsection (1), a “suitable end point” means the completion of the course or the successful transfer of the student to an alternative institution.
(3) In subsection (1), a “Government supported student” means any student whose education is funded directly by the Government through grants to the providers or student loans.
(4) The cost of providing the guarantee under subsection (1) must be met by the relevant provider under subsection (1).”