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Increase student maintenance loans in line with RPI inflation year-on-year

Submitted by Georgia Beth Fee on Wednesday 13th October 2021

Published on Friday 15th October 2021

Current status: Closed

Closed: Friday 15th April 2022

Signatures: 30

Relevant Departments

Tagged with

2021 ~ August ~ Covid ~ Covid-19 ~ Education ~ INCREASE ~ inflation ~ Loan ~ Lockdown ~ Money ~ Pace ~ Price ~ Ratings ~ retail ~ RISE ~ teaching ~ The National ~ Time ~ UNIVERSE ~ Universities

Petition Action

Increase student maintenance loans in line with RPI inflation year-on-year

Petition Details

Students in the UK should receive more money in maintenance loans to cover their cost of living and other expenses whilst studying at university. The government should increase the maximum maintenance loan amount in line with Retail Price Index (CPI) inflation.

Additional Information

The rate of inflation in the UK is at an all-time high, the ONS released a report showing that inflation has sky-rocketed to 3.2% in August 2021. Throughout the national lockdowns due to Covid-19, students have struggled enough to continue their education and achieve their goals due to the massive operational changes of teaching methods. Currently, student maintenance loan thresholds are not keeping pace with the exponential rise in the cost of living.

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