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Tighter rules on student funding

Students going to universities in the UK will soon have to help pay their way.

Tighter rules on student funding have received Tynwald backing, meaning some students leaving the Isle of Man for university will need to achieve higher marks to qualify for funding from the Manx government.

Undergraduates from the Island on courses lasting more than three years will also be asked to contribute up to £1,000 for each additional year.

Education Minister Eddie Teare says the move’s not a result of the Island losing money due to the revised VAT agreement and believes the contributions students will be asked to make will still represent tiny fractions of the overall costs.

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