Boost for Scottish students as they’re to get extra living costs support

Scottish students are to receive a £2,400 boost to help with their living costs from this September in the form of a new “special support” loan. This will be available on top of a standard maintenance loan and grant. 

A new ‘special support’ loan will be made available from this September

From the 2024/25 academic year, both new and continuing full-time Scottish students will be able to get: 

  • A new “special support” loan worth £2,400 a year. The purpose of this loan is to help with general study, travel and childcare costs. 

This will be available ON TOP of the existing: 

  • Non-repayable grant worth up to £2,000 a year. 
  • Repayable maintenance loan worth up to £7,000 a year.

The non-repayable grant and repayable maintenance loans typically rise each year, but there won’t be any increases to these in 2024/25 due to the introduction of the special support loan. 

It means the total amount of support available for full-time students will rise from a maximum of £9,000 to a maximum of £11,400. 

Read the full article at – www.moneysavingexpert.com/news/2024/02/scottish-student-maintenance-loan/

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