Northern Ireland's Economy Minister gordonlyons1 has announced a 40% increase in student maintenance loans from 2023.
Northern Ireland's economy minister has announced a 40% increase in student maintenance loans from 2023.Loans vary according to circumstances but the rise means support available for students living away from home will rise from £4,840 to £6,776.
This will include the support provided to students such as maintenance loans and grants and the support provided to the sector including teaching grant and fees.Mr Lyons said he was "acutely aware of the difficulties that continue to be faced in the current cost-of-living crisis by people right across society, and not least by students".
"Eligible students can also continue to avail of income-assessed maintenance grant support of up to £3,475, and other targeted support provided by the department, such as Disabled Students Allowance."The maximum maintenance loan support to full time undergraduate NI-domiciled students will increase:for students living away from home from £4,840 to £6,776News of the rise in funding comes after Queen's University Belfast Queen's has been allocated £2.
Mr Lyons said he had pressed institutions to "apply as much flexibility as possible when dealing with applications from students for hardship funds".
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