Economy Minister Gordon Lyons has announced a 40% increase in maximum student maintenance loans from academic year 2023/24.
The Minister has also confirmed that his Department will seek to undertake a full review of the higher education funding system, including the support provided to students such as maintenance loans, grants and other student support products, and the support provided to the sector, such as the level and mix of teaching grant and fees.
In addition, the Minister has confirmed an uplift of 1.8% to tuition fees and tuition fee loan products.
The maximum maintenance loan support to full time undergraduate NI-domiciled students will increase:
• for students living at home from £3,475 to £5,250
• for students living away from home from £4,840 to £6,776
• for students living in London from £6,780 to £9,492