Cost-of-living funding for students

Today (11 January), the government announced that it will provide an additional £15 million in government funding so that universities can provide extra financial support to students that need it to help them to meet everyday costs whilst they are completing their studies.

The government has also confirmed that it will freeze tuition fees for a standard full-time course in the 2023/24 and 2024/25 academic year in England at a maximum of £9,250. From the 2023/24 academic year, it will cut interest rates for new students to the Retail Price Index only so that, under these terms, graduates will not repay more than they originally borrowed, when adjusted for inflation.


Written ministerial statement: