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/
