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Wales government to re introduce maintenance loan

The Welsh tuition fee is set to be scrapped in Wales, this has been confirmed by the Welsh government. Grants will be paid to students who’s parents earn less than 59 thousand a year

 

Students from Wales will get a means-tested maintenance grant of up to £9,000 a year if they study full-time, Cabinet Secretary for Education Kirsty Williams has announced.

All students from Wales starting a university course in September 2018 will receive support for living costs equivalent to the National Living Wage, made up of a mixture of means tested grants and loans.

 

The new system replaces the universal tuition fee grants of £5,100 a year that had been paid to all students in Wales. It follows the review of student finance in Wales by Professor Ian Diamond.

The Diamond review modelled a range of household income thresholds for those eligible for means-tested support. The Welsh Government has decided to set the upper threshold at £59,200.

The minimum grant you will get is £1,000, which you do not have to pay back. If you’re studying full-time as an undergraduate, through a mixture of grants and loans, you could be eligible for a maximum of up to £11,250 a year towards your living costs if you live away from home and study in London, and £9,000 per year in the rest of the UK. Loans and grants are offered on a sliding scale depending on household income.

This means the average Welsh student could receive £7,000 a year in grant support while they study, with a pro-rata version available to part-time students.

This would mean 70% of Welsh students will be eligible for some form of means-tested grant support, in addition to a universal £1,000, with around 35% eligible for the maximum grant. This is an increase of around £8,000 on current arrangements.

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