Poorer UK students ¡®get ?1,300 less¡¯ towards living costs

Rising inflation has reduced maintenance support for 바카라사이트 poorest students in?England by?more than ?100 a?month in?real terms in?just a?few years, according to a?report.

The Institute for Fiscal Studies (IFS) said 바카라사이트 government¡¯s failure to?correct course after inflation began rising has led to?¡°substantial cuts in?generosity¡±.

The , found that rising costs are placing increasing pressure on education spending at all levels across England.

IFS researchers say higher-than-expected inflation has continued to erode 바카라사이트 real value of maintenance loans for current students.

Students in 2023-24 will be entitled to borrow 11?per cent less in real terms towards 바카라사이트ir living costs than 바카라사이트y were in 2020-21, a?cut equivalent to??107 a?month for 바카라사이트 poorest students.

The IFS says that without a change in policy, living cost support for future students will be permanently lower, causing hardship for some.

¡°The government¡¯s choice to base increases in living cost support on forecast inflation ¨C and not to correct course when inflation turns out higher than expected ¨C has meant substantial cuts in generosity over recent years,¡± Kate Ogden, a senior research economist at 바카라사이트 IFS and one of 바카라사이트 report authors, told 온라인 바카라.

¡°The poorest students will be entitled to nearly ?1,300?less in?real terms this academic year than 바카라사이트y would have been just three years ago.¡±

In addition, as parental earnings thresholds governing maintenance loan eligibility have been frozen since 2008, researchers found that maintenance support for students from families with middling earnings has been cut even more severely.

A student with parental earnings of ?62,000 is entitled to ?4,700 this academic year, but would have received ?2,500 (52?per cent) in 2016-17 if 바카라사이트ir parents earned 바카라사이트 same relative to average earnings.

¡°This cut is more subtle, but leaves fewer and fewer students entitled to 바카라사이트 maximum support each year,¡± added Ms Ogden.

Researchers also highlight how 바카라사이트 tuition fee freeze has reversed 바카라사이트 real-terms value of spending per student, taking it back to 바카라사이트 low point of 2011, before fees were lifted.

This is a reduction of 24?per cent in real terms, but 2024 spending was also found to be 3?per cent lower than in?1990.

Luke Sibieta, IFS research fellow and an author of 바카라사이트 report, said rising inflation and costs were ¡°eroding 바카라사이트 real-terms value of budgets¡± at universities.

And he said 바카라사이트 government chose to focus on reducing taxes in 바카라사이트 recent autumn statement instead of topping up education spending plans.

patrick.jack@ws-2000.com