On 31 March 2015, the government of Gibraltar announced the adoption of the University of Gibraltar Act and the University of Gibraltar opened in September 2015. Previously, there were no facilities in Gibraltar for full-time higher education, and consequently, all Gibraltarian students studied elsewhere at degree level or its equivalent and also for certain non-degree courses. The Government of Gibraltar operates a scholarship/grant system to provide funding for students studying in the United Kingdom. All Gibraltarian students used to follow the UK student loans procedure, applying for a loan from the Student Loans Company which was then reimbursed in full by the Government of Gibraltar. In August 2010, this system was replaced by the direct payment by the government of grants and tuition fees. The overwhelming majority of Gibraltarians continue their studies at university level.