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The Russell Group has warned that students stand to lose out on £1500 a year as maintenance loans fail to keep up with inflation.

The warning comes ahead of an expected decision by the Department for Education (DfE) in January on how much maintenance loans will increase by in 2023/24.

Should the DfE uprate maintenance loans by the most recent projection for Q1 2024 (2.8%), a full-time student living away from home outside London will receive £9,978, leaving them £1,523 short of the £11,501 the loan would be had it increased by actual inflation since 2020/21.

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