Students: Finance
The question
To ask the Secretary of State for Education, what steps her Department is taking to reduce students’ reliance on paid employment alongside their studies; and how it intends to ensure that students living in rural or employment-scarce areas have equal access to financial security, opportunity, and an acceptable quality of life while in higher education.
Answered by Josh MacAlister
To help higher education students with cost-of-living pressures, we are future-proofing maintenance loans by increasing them in-line with forecast inflation every year and reintroducing targeted means-tested maintenance grants of up to £1,000 per year from 2028/29. This year, we increased maximum maintenance loans by 3.1%, to £10,544 for students living away from home studying outside London, £13,762 for students living away from home studying in London, and £8,877 for students living at home.
Kathryn Mitchell, Vice-Chancellor and Chief Executive of the University of Derby, will bring together sector experts and chair the Higher Education Access and Participation Task and Finish Group. Its remit includes developing options to address regional disparities in access for those from disadvantaged backgrounds. We are also working with the Ministry of Housing, Communities and Local Government to encourage universities to work with their local authorities on strategic approaches to meeting student housing needs.
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