x

Property Investors Blog

Join the campaign to increase student loans

Join the campaign to increase student loans

A recent article by Save the Student has highlighted a pressing issue facing students in England: the diminishing real value of Maintenance Loans in the wake of soaring inflation.

This alarming situation has led to the relaunch of a petition, aiming to compel the government to adjust Maintenance Loan rates to align with current inflation rates.

According to Save The Student, “Over the past 2 years (Sept ‘21–‘23), inflation (RPIX) has been 21%. But max Student Loans in England rose by just 5.2%, leaving students up to £1,500/year worse off (real terms). The government must increase loans to catch up with inflation, or we fear many students won’t be able to survive at uni.”

This issue is unique to England, in contrast, with Northern Ireland, Scotland, and Wales where, maintenance funding has been significantly increased.

Sign the petition here: https://petition.parliament.uk/petitions/650075

Image credit: Save The Student

 

 

How do you feel about Purple Frog?