All eligible Welsh undergraduates starting a university course for the first time can now receive support for living costs, made up of a mixture of grants and loans.
Eligible Welsh postgraduate Master’s students can get similar support in the form of a grant and a loan, whilst Doctoral students can apply for a loan.
For students with a relatively low household income, most of the available support for living costs will be a grant, which does not have to be paid back.
Students who take out a maintenance loan could get up to £1,500 taken off their loan balance when they make the first repayment under the Welsh Government partial cancellation scheme.
All living cost support is in addition to tuition fee support - so there could be no upfront costs to pay. Full and part-time students can apply for a separate loan to cover tuition fees which they will have to repay once they start earning over the repayment threshold. In April 2020 the repayment threshold for Plan 2 customers increased from £25,725 to £26,575.
Eligible EU students studying in Wales can apply for support towards the costs of their tuition fees and they could also qualify for additional help.
Now all new students can focus on their studies and spend less time worrying about making ends meet.