Providing all students in Northern Ireland with a payment to help them with the rising cost of living would cost between £79m and £189m.
That is according to new analysis by the National Union of Students-Union of Students in Ireland (NUS-USI).
The NUS-USI said its figures were based on a one-off payment of either £650, £900 or £1,550.
The union has also called for a rent freeze on student accommodation and free public transport for students.
Scotland has recently introduced free public transport for everyone under 22.
