With the cost of living continuing to rise, UK universities are calling for increasing maintenance loans to help students cover their costs. The Russell Group of research-intensive universities has urged the government to uplift loan amounts in line with inflation and increase hardship funding to target those most in need.
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This comes as a survey suggests the average student’s maintenance loan falls £439 short of covering their monthly living costs – up from a £361 shortfall last year. With university fees also rising, many students struggle to make ends meet. This can lead to financial worries and stress, impacting their studies and well-being. The Russell Group calls on the government to provide more support to students so that they can focus on their studies and reach their full potential.
For the past few months, students have been protesting against the rising cost of living and calling for changes to the current system. More needs to be done to support them financially.The government must act now to ensure that students can afford to stay in education and succeed in their studies.
According to a National Union of Students (NUS) survey, two-thirds of students say they have skipped meals because they couldn’t afford to eat, and a quarter has resorted to using food banks. The NUS is also calling for an increase in maintenance loans and grants and more support for students with children or other dependents.The current system is not working for many students. The government must act now to ensure that everyone can afford to stay in education and reach their full potential.
Do you think the government should do more to help students with the cost of living? Let us know in the comments below.
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