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There real risk with ending grants, as it stands now,  is the fact larger loans can be a psychological deterrent, especially to those from non-university backgrounds. But talking about the freezing of a threshold – which is what the repayment issue is – sounds boring. Labour is calling on the government to abandon its plan to scrap maintenance grants for the poorest students in England and replace them with loans. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. "Students have been expecting financial aid from the government, and are relying on it to continue their educational pursuits," the group's chair, Bryn de Chastelain, said in a statement. One of the major stories is that maintenance grants are to be completely scrapped for students starting uni in September 2016. Student grants set to be abolished today despite strong opposition. Sorry, are you honestly saying this has no real financial impact on poor students and only hits higher earners? We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. Maintenance grants scrapped for poorest students. Text Dominique Sisley The Conservative government has now officially scrapped all student grants, after passing the policy through parliament without a proper vote. The government offers financial support for students to deal with tuition fees, and 'maintenance' (living expenses). Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. Of course it’s much simpler to protest over the scrapping of grants, as on the surface it sounds like a real hit to the poor. Doing the Radio 5 Live interview... Update Note: 12/12/2017. He said: “In the past they had about £7,500, in future they will have £8,200. Budget News: Maintenance grants to be scrapped. No, for most of them, if the system remains as it is now,  it makes no practical difference. Please read the Full Terms & Conditions, Privacy Policy, Cookies Q&A, How this site is financed and MSE's Editorial Code. How much should you be saving for your kids to go to uni? The replacement of a grant with a loan will ONLY cost more for those who leave university and have long-term high earnings. Well UK rates did rise, and Santander’s confirmed it won’t follow. Maintenance grants are currently paid to students with family incomes below £42,000 University maintenance grants for lower income students … … Change announced in 2015 comes into effect on Monday and will condemn poorer students to a … TUITION fee payments for all university students in Wales will be scrapped and replaced with means-tested grants under proposals unveiled yesterday. PLANS by Labour to reinstate the scrapped student maintenance grants have been described as “little more than warm words”. The Department for Education declined to comment further on Monday. Maintenance grants for university students from low-income families will be scrapped and converted into loans in the Government’s next round of spending cuts. Under the previous system, students whose families’ household income was at equal to or under £25,000 qualified to receive a grant worth nearly £3,500 each year. So you think the whole protest is mis-targeted? The National Union of Students (NUS) has attacked the government’s decision to replace maintenance grants for the poorest students, saying it will leave them “with a lifetime of debt”. The Alberta government has scrapped a pair of financial supports for post-secondary students, by bringing them into another more general grant. Students who come from families on lower incomes are set to lose out on university maintenance grants, after Chancellor George Osborne announced in his 2015 Budget that they are “unaffordable”, with plans for them to be replaced by loans. What a weight off my mind. Will loans also increase for current students? This has actually been reasonably well flagged, it was in the Summer Budget, which was over a year before the changes came into effect. “It could put off students from underprivileged backgrounds from applying, who might not understand how the loan system works, or are very debt-averse. But not by as much. The only difference is all of it is now (nominally) repayable, rather than just some of it. Grants for student nurses to be scrapped and replaced with loans . So you think it has no impact whatsoever? A number crunch via our student finance calculator shows, as a rough rule of thumb, for a student living away from home, taking the full tuition fees, this change only affects those on graduate starting salaries very substantially above £30,000. Student maintenance grants to be scrapped. Students from low-income households will from September be entitled to a larger loan, but this must be repaid. The government offers financial support for students to deal with tuition fees, and 'maintenance' (living expenses). Our Broadband Unbundled tool finds the cheapest broadband, phone and TV. If you read the papers you’d think the answer is a clear cut yes. Those who’d currently qualify for a full grant would only actually pay more under the new system, if they repay their entire tuition fee, remaining maintenance loan after the grant, and interest within the thirty years before the debt wipes. Maintenance grants for students - paid to students with family incomes below £42,000 - to be scrapped and converted into loans from 2016/17 Scrapping housing benefit … It has been announced as part of the government's Spending Review as it wants to "modernise" the way healthcare students are funded. Hi, welcome to my Blog. Welsh students … Yes. Here’s the maximum loan amounts – it’s partially means-tested…. And before I’m accused of defending the Govt, I write below based on fact and financial analysis, not politics. This has actually been reasonably well flagged, it was in the Summer Budget, which was over a year before the changes came into effect. But in a way the problem is all the arguments and spittle over this just reinforce the fear of those who are scared to go to university, and are probably just as damaging as the grant issue itself. Students who come from families on lower incomes are set to lose out on university maintenance grants, after Chancellor George Osborne announced in his 2015 Budget that they are “unaffordable”, with plans for them to be replaced by loans. Mortgages, credit cards, loans, payday loans, car finance and more, Living at home: £6,904/year (currently £4,565/year), Living away from home, outside London: £8,200/year (currently £5,740/year), Living away from home in London: £10,702/year (currently £8,009/year). Total support offered to a student falls with increasing household income, and the composition of that support shifts from grants to loans. I wrote this blog just before November’s base rate rise, predicting then UK rates would rise and Santander 123 wouldn’t follow. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. For me though the big problem is the Government’s ability to change student finance without recourse to a parliamentary vote. CFS is asking the Liberals to put all money budgeted for the program into an emergency benefit The Canadian Press; Jul. Grants for student nurses are to be replaced with loans. This smacks of hypocrisy and is a cap on aspiration.” This smacks of hypocrisy and is a cap on aspiration.” “ This will hit disadvantaged students the hardest, already two and a half times less likely to go to university.” Grants for university students are to be scrapped and replaced with loans as part of a controversial shake-up of education funding announced by George Osborne. Student grants have only been scrapped for those starting university in 2016 – if you are at university and get a grant you will continue to do so. Last week, the Tories officially scrapped all student grants. Student finance - student loans or student grants for tuition fees and living costs, extra help, student loan repayments Yet the most commonly quoted problems tend not to be what worries me most, and the things least mentioned can hurt. Free tuition for low-income Ontario students is gone, scrapped by Doug Ford’s Tory government even as it moves to cut fees for college and university students across … Matt Tallis News July 13, 2015. Q. The party said … The papers are full of the row over the Government scrapping student grants. The financial funding – which was put in place to help the poorest students through university – was put to a legislation committee on Friday last week, despite strong opposition. University student maintenance grants are to be scrapped and replaced by loans, Chancellor George Osborne has announced. He also said university tuition fee … Scrapped student maintenance grants would be reinstated under a Labour government, the party has announced. It’s possible to argue while many current students will feel relieved that they keep their loans, they’re actually relatively worse off. That needs addressing – one way would be to stop calling student loans a loan – when they’re in fact far nearer to a tax. Q. Student nurses are to receive bursaries again, following a controversial decision by the Conservatives in 2017 to scrap grants in place of loans.. That is at the very high end of graduate earnings. But it will all have to be paid back if they get a well-paid job, whereas in the past around £3,000 or so did not have to be paid back.”. Q. If you earn less then as you won’t actually repay more due to the switch from grant to loan, it’s a meaningless change. By Zélie Seddon on August 1, 2016 News Politics. How did the Government sneak this in without telling anyone about it? We often link to other websites, but we can't be responsible for their content. University student maintenance grants are to be scrapped and replaced by loans, Chancellor George Osborne has announced. But students barely had time to consider the new rule, which would have applied to this year’s seniors. Please contact fbteam@moneysavingexpert.com if you wish to report any comments. Grants of up to £2,265 remain available for poorer students, while loans of up to £420 are on offer to all applicants. (Getty Images) Maintenance grants for university students from low-income families will be scrapped and converted into loans in the Government’s next round of spending cuts. Student grants scrapped. My frustration is by far the bigger issue, and one that is much more regressive, is the retrospective hike in student loan repayments. These new loans, which are targeted at students on lower incomes, will … Nick Hillman, director of the Higher Education Policy Institute, told the BBC that students would end up with more money in their pocket overall, despite the withdrawal of the grants. Mr Osborne said scrapping student nurses' bursaries would save around £800 … The scrapping of student grants – what it means & how bad is it? So, unless you’ve been living under a rock, chances are you’ve heard about Osbourne’s 2015 Budget, detailing how the Government will save money. The leadership contender has apologised for Labour's introduction of fees Are you a student affected by the loss of maintenance grants? And more so, the one real danger of getting rid of grants and replacing them by loan is that the government can negatively change the loan terms – and we’ve proof it is willing to do this, even for those who’ve started university. How student finance works now. Q. The change, announced by the then chancellor, George Osborne, in 2015, was opposed by Labour, which said it would hit those from low-income homes the hardest. Currently the student grant replaces up to £3,387 of student loan for students with family income of below £42,620. It has been announced as part of the government's Spending Review as it wants to "modernise" the way healthcare students are funded. Don't miss out. announced by the then chancellor, George Osborne, in 2015. Nothing. Student maintenance grants are to be scrapped, the Chancellor George Osborne announced today in the first Conservative-only Budget since 1996. And this is also after above inflation pay rises. 19 January 2016. Students going to university in recent years have either received a loan, or if they come from lower income households, up to £3,387 of their loan has been replaced by a non-repayable grant. Student Maintenance Grants Scrapped in Favour of Loans. Q. Thank you.” One year even the Archbishop of... Last Wednesday, for the first time, I spoke publicly about losing my mother when I was a child. A protest against the end of maintenance grants in London in January 2016. Today students may only access a tuition fee loan rather than a grant. The cash-strapped Liberal government quietly scrapped $42 million in university research grants days before launching a 30 per cent tuition rebate for undergraduates, the Star has learned. Grants of up to £2,265 remain available for poorer students, while loans of up to £420 are on offer to all applicants. Unlike the scrapping of loans which in practice will only cost high-earning graduates more, that will hit many low- and middle-earning graduates and actually helps higher-earning graduates. New starters from September 2016 who would’ve been eligible for the grant element will see it replaced by a bigger student loan, so the amount of cash coming in is actually increased. Pinterest Tumblr Email. 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