You are here: Home - Household Bills - News -

£50m support package for students impacted by Covid-19

0
Written by: Emma Lunn
02/02/2021
The new government funding will go to universities to help students facing financial difficulties arising from the impact of coronavirus.

The new funding was announced by universities minister Michelle Donelan, and is in addition to the £20m announced in December.

The government says the new funding means that universities will be able to help students impacted by the pandemic, for example those facing additional costs for alternative accommodation, loss of employment, or extra costs to access their teaching online.

Universities will distribute the funding and will be able to prioritise the funding to those most in need of help.

The increased financial support comes as the majority of students have been asked to continue their studies remotely, as part of measures to reduce the transmission of coronavirus.

This announcement follows the decision from some universities and accommodation providers to offer rent rebates for students who need stay away from their term-time address.

Michelle Donelan, universities minister, said: “This continues to be an incredibly difficult and challenging time for our students, and I am hugely grateful to all the university staff working hard to prioritise their health, wellbeing and learning during this pandemic.

“The additional £50m that we are announcing today will mean we have distributed £70m for hardship in this financial year alone – on top of the £256m of government-funded student premium which universities can use for student support this academic year.

“This additional support will provide real, tangible help for those students struggling financially as a result of the pandemic. We will continue to prioritise a full return to education as soon possible, in line with public health advice. I am also working with universities and professional bodies to ensure students can graduate as planned.”

The funding will be distributed by the Office for Students directly to universities, which are best placed to assess student hardship locally.

Universities will be able to help students, including international students, impacted by the pandemic, for example those facing additional costs arising from having to maintain accommodation in more than one location, or an inability to maintain employment.

Students facing financial hardship are encouraged to contact their university or higher education provider if they find themselves facing financial difficulties related to Covid-19.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week