Question to the Department for Education:

To ask the Secretary of State for Education, what steps her Department is taking to support students with the cost of living.

The department has frozen maximum tuition fees for the 2023/24 and 2024/25 academic years to deliver better value for students. By the 2024/25 academic year, maximum fees will have been frozen for 7 years.

The government has continued to increase maximum loans and grants for living and other costs each year. Maximum support has been increased by 2.8% for the current 2023/24 academic year, with a further 2.5% increase announced for 2024/25.

Students awarded a loan for living costs for the 2023/24 academic year that is lower than the maximum, and whose household income for the tax year 2023/24 has dropped by at least 15% compared to the income provided for their original assessment can apply for their entitlement to be reassessed.

Decisions on student finance have had to be taken to ensure the system remains financially sustainable and the costs of HE are shared fairly between students and taxpayers, not all of whom have benefited from going to university.

The government recognises the additional cost of living pressures that have arisen this year and that are impacting students. The department has already made £276 million of student premium and mental health funding available for the 2023/24 academic year to support successful outcomes for students including disadvantaged students.

The department is making a further £10 million of one-off support available to support student mental health and hardship funding. This funding will complement the help universities are providing through their own bursary, scholarship and hardship support schemes.

Further the department is investing hundreds of millions of pounds in additional funding over the three-year period from 2022/23 to 2024/25 to support high-quality teaching and facilities including in science and engineering, subjects that support the NHS, and degree apprenticeships. This includes the largest increase in government funding for the HE sector to support students and teaching in over a decade.

That is why the department has asked the Office for Students (OfS) to maintain student premium and mental health funding for the 2023/24 financial year at the same levels as the previous year and to ensure providers are aware they can draw on the Student Premium to support students in financial hardship. The department will continue to liaise with the OfS on the impacts of cost-of-living pressures.

Between 2022/23 to 2024/25, government will have provided support worth £104 billion, an average of £3,700 per household, to help families throughout the UK with the cost-of-living including to meet increased household energy costs. This will have eased some of the pressure on family budgets and so will in turn enabled many families to provide additional support to their children in HE to help them meet increased living costs.