With this news many are concerned that low and middle income students will no longer see university as a realistic option. Megan Dunn (NUS president) suggested that cutting these grants could be hugely detrimental to hundreds of thousands of the poorest students.
So what could this mean for careers and employability?
A large number of graduate recruiters currently operate schemes and support programmes in order to attract and recruit a diverse workforce. With the potential for a less diverse student body within higher education, does this mean employers will start looking elsewhere for candidates? And what about roles that have a degree requirement such as, law, teaching or medicine - these roles could become unattainable for some of the countries most talented students because they do not have the financial resource to attend university.
Encouragingly, The Office of Fair Access to Higher Education has said it will monitor the impact of this change particularly in relation to access to higher education of those from disadvantaged backgrounds - which is currently at record levels.
For further information take a look at this BBC News article.