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The Budget 2015: Wave goodbye to the maintenance grant

By Sj.Cliff
The Budget 2015: Wave goodbye to the maintenance grant

Today, for the first time since 1996, a completely Conservative budget was delivered to the people of Britain.

While it may have been pretty dry (a lot of guys in suits talking is never that fun), the points covered in the budget affect us all. It’s really important to listen to the key points to see how the government's spending decisions will influence your life – because they will.

Today George Osborne announced that the maintenance grant has been scrapped (as of September 2016) in place of a larger maintenance loan. According to the Chancellor, the grants have become “unaffordable” to the British taxpayer.

Over half a million people currently receive the grant, aimed to help students from lower-income families support their further education.

The news hasn’t gone down well with students, especially after the rise in tuition fees in 2012.

With the changes in place, the new maintenance loans will be raised to a staggering £8,200 per year – ramping up the price of getting a degree.

Do you think getting rid of the maintenance grant was a good idea? Let us know how it affects you on our socials!

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