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Higher education

Talk to other parents whose children are preparing for university on our Higher Education forum.

Student maintenance loan (England) to increase by 2.5% for 2024-25

3 replies

boys3 · 26/01/2024 14:06

The government announced earlier this week that the maintenance loan (for students from England) will be increased by 2.5% for 24-25.

Meaning that for students outside London the max loan of £10,2444 will be just over £1900 short of the £12,130 the loan would be if the Government had raised it in line with inflation since 2020/21.

To give the RG some credit they've produced a fairly clear graph showing this towards the end of the link.

https://russellgroup.ac.uk/news/russell-group-responds-to-2024-25-maintenance-loan-increase/

and the point, plus wider implications, is re-inforced in this HEPI blog

https://www.hepi.ac.uk/2024/01/26/the-increase-in-student-maintenance-hides-a-critical-shortfall-in-financial-support-for-students/#:~:text=This%20announcement%20also%20confirms%20the,line%20with%20inflation%20since%202021.

Household income thresholds also look to be frozen once again.

Student housing costs I suspect will rise by more than 2.5% come the new academic year, and I'd be surprised if food inflation was below that level either.

Russell Group responds to 2024-25 maintenance loan increase

https://russellgroup.ac.uk/news/russell-group-responds-to-2024-25-maintenance-loan-increase

OP posts:
OnlyTheBravest · 26/01/2024 18:50

This annoys me so much. The assumption that parents can just make up the difference or the child can just get a job.
Ironic if you are on Universal Credit at 18 and never paid into the system, you do not have to pay anything back, whilst those pursuing an extended education have to pay back tuition and maintenance loans for 30 years. GRRRRRRRR

therainneverbotheredmeanyway · 26/01/2024 19:17

@OnlyTheBravest it's now 40 years ....

OnlyTheBravest · 26/01/2024 19:29

@therainneverbotheredmeanyway

Double GRRRRRRRRRR

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