Higher education students can apply to spread their student financial support package over a 12-month period for the first time this coming academic year.
The year-long package of support will be available for eligible undergraduate students from August 2024. The change will ensure that payments of relevant student loans and bursaries can continue through the summer months. This follows a successful two-year programme, which saw care experienced students being given the option of 12-month support.
Care-Experienced students will continue to receive additional support for their living costs under the Summer Accommodation Grant from Summer 2024. Students eligible for the grant - which will replace the Care-Experienced Accommodation Grant - will be entitled to a payment of up to £1,330 to help ensure they do not fall into rent arrears over the summer.
These changes will coincide with the £2,400 increase to the annual support package, which sees the main undergraduate funding package rise up to £11,400.
