I thank the Member for his point. It's a really important question. He might have seen some of the remarks I made last week in particular about access to all kinds of education for young people from perhaps some of our most disadvantaged backgrounds. For the first time this year, and in each subsequent year, we will be able to provide—obviously, subject to the consent of the individual—for example, data through UCAS on the free school meals eligibility of individual learners to enable contextualised offers to be made.

He's making a slightly different point about the costs of going to university. I agree with him; the measures that we see the UK Government taking are a great concern, as well as some of the changes they are mooting in relation to requiring different grade thresholds for GCSE, which I think are regressive and have no place in any policy that is based on widening access to university.

As he may know, although the ability to fund student finance is devolved to Wales, some of the choices we make are constrained by our ability to be able to liaise with HMRC and the Student Loans Company, which are not, obviously, devolved. We continue to have in Wales the most progressive student finance support package of any part of the UK in terms of the mix between loans and grants, but also—which is not very often remarked upon—in Wales, as soon as you start to repay your debt, you immediately get a £1,500 discount on your repayment, which is the only part of the UK in which that happens.

But, I take very seriously the point that he's made. Whatever we can do, we will do. Obviously, we are committed to our progressive system here in Wales. On the point of interest rates in particular, what I would say is that that doesn't affect the monthly outgoing, it's the length of the loan that that affects. I don't diminish for a second that it's a very important point, but in terms of the immediate affordability, it won't have that immediate increase on the monthly outgoing. But, it's an important point, as it does extend the cost of tuition overall.