Third level fees will be reduced by €1,000 while grant recipients will receive a double payment this year

The tuition fees are to be reduced by 1,000 euros this year and will be significantly reduced in the coming years as part of a major budget increase for students.

Higher Education Secretary Simon Harris has secured a multi-million euro budget package for students and their families that will ease the financial burden of attending college.

This includes funding to reduce college fees by €1,000 for all students this year. This means that nobody will pay more than 2,000 euros to attend a university education in the coming semester.

Families earning €62,000 per year will not pay more than €1,500 in fees due to the changed study grant rules

Meanwhile, all scholarship recipients will receive a double payment this year, while those studying for the PhD will receive a one-time living payment before Christmas.

The minister has also reached an agreement that would see a long-term reduction in tuition fees based on a family’s household income.

Under the new plan, every family earning less than €100,000 will receive a permanent €500 fee reduction – meaning students will have to pay €2,500 a year to attend college.

Families earning €62,000 per year will not pay more than €1,500 in fees due to the changed study grant rules.

It is the first reduction in student fees in 27 years. In the mid-1990s, when college tuition fees were abolished, it grew from €150 per year administration fee to €3,000 per year.

At €3,000, Ireland’s student fee is the highest in the EU, and student leaders have called for its abolition. Mr Harris has been campaigning in Cabinet for a cut for almost a year, and from next year most students in families earning less than €100,000 a year will benefit from a long-term cut.

In the short term – in the current academic year – all students will experience a €1,000 cost of living reduction to €2,000, which Mr. Harris had the support of Tánaiste Leo Varadkar.

https://www.independent.ie/irish-news/third-level-fees-cut-by-1000-while-grant-recipients-to-get-double-payment-this-year-42018864.html Third level fees will be reduced by €1,000 while grant recipients will receive a double payment this year

Fry Electronics Team

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