The UK government has recently declared that it would increase its assistance for international students by £15 million.
Universities in the UK will receive funding to help students struggling to keep up with escalating costs. The government claims that this will increase the $261 million student premium fund that was allotted this year to aid students from low-income families.
Robert Halfon, minister for skills, apprenticeships, and
higher education, claims that the increased funds would augment the aid that
institutions are providing through their bursary, scholarship, and hardship
support programs.
Chloe Field, vice president of NUS for higher education,
said that the cash is welcome but noted that hardship grants are “a quick fix to a long-term problem that has
come to a head in the cost of living crisis.“
During the
academic year 2021–2022, universities in the UK distributed more than £100,000
in hardship money to international students. This is because,
regardless of their institution's bureaucratic standing, financial difficulty
can afflict students wherever they decide to pursue their education. Irrespective
of whether a college or university receives additional government funds,
students should be able to count on the same level of assistance from the
government.
While welcoming
the new funding, Vivienne Stern, CEO of Universities UK said, “throughout this cost-of-living crisis, our
members have stepped up to provide support to students, from daily meal deals to
increasing hardship funding, universities are working hard to offer much-needed
help to students. This extra government funding will help shore up their efforts.”
The UK government's initiative will assist students in reducing the nation's rising cost of living. More Nigerians will select the UK as their top choice for an international education if student rent can be frozen.
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