SNP Government Increases Financial Support for Students



Over £21 million will be invested in improving the financial support available to university and college students, the First Minister has announced.

As part of a package of measures:

  • The bursary for care-experienced students in further and higher education will increase this year from £6,625 to £8,100, bringing the support available in line with the Scottish living wage.

  • Also, the Care Experienced Further Education Bursary will rise from £4,185 to £8,100.

  • £16 million will be invested next year increasing college bursaries and university grants for students from the lowest income families, while expanding access to them.

  • The student loan repayment threshold will be raised to £25,000 from April 2021, while this year the maximum repayment period will be lowered from 35 to 30 years.

First Minister Nicola Sturgeon MSP said:

“We are determined to widen access to university. To help do that, the Student Support Review we set up recommended an increase in support of £16 million in the first instance.

“We will go further. By 2021, funding for student support will increase by more than £20 million a year.

“We will increase the amount graduates can earn before they begin to repay student loans. Our commitment was to raise the threshold to £22,000. We will go further and increase it to £25,000 instead.

“This package reaffirms our commitment that access to university should be based on the ability to learn not the ability to pay.”

The Programme for Government 2017-18 had previously committed to raising the repayment threshold for student loans to £22,000 by the end of the Parliament.

ENDS