Students in Jersey will be able to get help to pay for university by the start of the next academic year.
The Chief Minister, Senator Ian Gorst, and the Education Minister, Deputy Rod Bryans, have told a panel of politicians that a public consultation will be held on two funding options in November, with the aim that one will be agreed and in place for next September.
Senator Gorst confirmed that at least one of the options will involve a student loan system.
One of the options will take away the current grant system, where some students whose families have lower incomes, get funding towards university costs.
The scheme will also be avalible for students who are currently at university.
At the same meeting, the Ministers confirmed that they are also doing a review of the way post-graduate education is funded.