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Plans to increase student grant funding

No change to eligibility criteria, though

Higher education students from the Isle of Man could have more money made available to them from September.

Subject to Tynwald approval, the maximum maintenance grant available for those studying in the UK will go up from £5,500 to £7,500 a year.
Those studying in London and any country outside the UK will also see an increase in the maximum maintenance support available to them - up from £6,000 to £8,000.
For students studying at University College Isle of Man, the maintenance grant would rise from £2,500 to £2,750 for non-degree courses, and from £4,000 to £5,000 for degree courses.

The increases are being paid for by an additional £1.5 million of funding being made available.
In addition to this, a new rate of reduction in the level of support is planned.

This means that for every £6 of a contributor's income above the minimum level there would be a £1 reduction in the support offered.

It's thought there will, however, be no substantial change to the eligibility criteria for maintenance grants.

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