Edinburgh Pentlands SNP MSP Gordon Macdonald has welcomed the news higher education students can now apply to spread their student financial support package over a 12-month period for the first time this coming academic year.
The year-long package of support will be available for eligible undergraduate students from August 2024. The change will ensure that payments of relevant student loans and bursaries can continue throughout the summer months. This follows a successful two-year programme, which saw care experienced students being given the option of 12-month support.
Care-Experienced students will continue to receive additional support for their living costs under the Summer Accommodation Grant from Summer 2024. Students eligible for the grant – which will replace the Care-Experienced Accommodation Grant – will be entitled to a payment of up to £1,330 to help ensure they do not fall into rent arrears over the summer.
These changes will coincide with the £2,400 increase to the annual support package, which sees the main undergraduate funding package rise up to £11,400.
Commenting on the announcement Mr Macdonald said: “Coping financially as a student in Edinburgh can be extremely difficult but the changes announced to the way students can receive their funding will make a huge difference across the summer months.
“This is another example of the actions being taken by the Scottish Government to support students through the cost of living crisis. Scotland already has the lowest student debt levels in the UK, thanks to the commitment to free tuition and enhanced student support.
“We have a record number of students from Scotland’s most deprived areas applying to study at university and these changes to the student support package will contribute further in breaking down barriers and ensuring that access to our world-class institutions is not denied to anyone, whatever their background.”