Students: Finance

(asked on 17th November 2022) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, what assessment her Department has made of the potential impact of the Autumn Statement 2022 on students.


Answered by
Robert Halfon Portrait
Robert Halfon
This question was answered on 25th November 2022

The 2022 Autumn Statement ensures the most vulnerable are protected from the worst of the price rises, with increases to benefits, targeted support with energy bills, one-off payments to people on benefits, disabled people and increases to the National Living Wage and National Minimum Wage.

There were significant increases in funding for other education sectors announced at the last Spending Review. The department is investing an additional £3.8 billion on skills over the course of this Parliament (comparing 2024/25 with 2019/20).

The government recognises the additional cost of living pressures that have arisen this year and that have impacted students. Many higher education (HE) providers have hardship funds that students can apply to for assistance.

There is £261 million of student premium funding available this academic year to support disadvantaged HE students who need additional help. The department has also worked with the Office for Students (OfS) to ensure universities support students in hardship using both hardship funds and drawing on the student premium.

In addition, all households will save on their energy bills through the Energy Price Guarantee and the £400 Energy Bills Support Scheme discount. Students who buy their energy from a domestic supplier are eligible for the energy bills discount. The Energy Prices Bill, introduced on 12 October, includes the provision to require landlords to pass benefits they receive from energy price support, as appropriate, onto end users. Further details of the requirements under this legislation will be set out in regulations.

Students whose bills are included in their rent, including energy charges, will typically have agreed their accommodation costs upfront when signing their contract for the current academic year. Businesses, including those that provide student accommodation, are covered by the Energy Bill Relief Scheme, which provides energy bill relief for non-domestic customers in Great Britain.

A Treasury-led review will be launched to consider how to support households and businesses with energy bills after April 2023.

The department provides a range of financial support for further education (FE) students aged 16-19 (or aged up to 25 with an Education and Health Care Plan) who need it to enable them to participate in post-16 education, including free meals, bursaries to help with the cost of education (such as travel, books, equipment, and trips), plus support for childcare and residential costs where required. We have increased total discretionary Bursary funding by 6.8% in 2022/23 to support disadvantaged students to continue in FE or training.

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