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Minister Harris announces details of €113 million cost of education package for university students

Minister for Further and Higher Education, Research, Innovation and Science Simon Harris has today announced further detail on the cost of education measures under Budget 2024.

A reduction of up to €1,000 in undergraduate fees is now being applied to all free fees eligible students’ accounts, reducing the cost of college for 96,000 students by up to 33%.

Students - or their families - who have paid the full student contribution of €3,000 are being refunded. They have been asked to give their bank details to their higher education institution before the end of November to facilitate reimbursement of their €1,000 in December.

If bank details are not provided by the student, a credit will be applied to their account.

Speaking today, Minister Harris said:

"Budget 2024 introduced a series of measures to reduce the cost of education and put more money back in people's pockets.

"The most significant measure was the reduction of college fees of €1,000 for the second year in a row.

"Today, we set out how it will work. For the majority of students, there will be no action required. Fees will automatically reduce to €2,000 for all undergraduate students eligible for free fees.

"If you are paying in instalments - as many families do- your second instalment will be reduced by up to €1,000 at the start of the second term in 2024.

"If you paid in full, your college will refund you by the end of the year."

Minister Harris also confirmed families earning under €100,000 may also be eligible for a €500 student contribution grant. While applications have closed, students may be eligible to make a late application details are available on the SUSI website.

In addition, Minister Harris announced details of the €17 million allocation for the Student Assistance Fund, which is a package aimed at assisting students with the cost of college. Earlier this year €440,000 was also provided to assist with emergency applications.

The funding can assist students with books and class materials, rent, childcare, and transport, among other things.

Speaking on the announcement of the funding, Mr Harris said:

“The Student Assistance Fund is an invaluable resource for third level students who are finding it difficult to make ends meet.

“The fund is there to assist with additional costs they may face over the coming months. It is completely confidential and accessible through the Access Offices in higher education colleges.

“It can help with the cost of college on a variety of fronts.”

Next year, maintenance grants will increase and post-graduate supports will be brought back for the first time since the economic crash.

As announced last month, PhD researchers funded by Science Foundation Ireland and the Irish Research Council will also receive a €3,000 increase in their stipend from January 2024.


Notes

Student Assistance Fund Allocation

Institution Total allocation September 2023 comprising general and part time allocation Additional cost of living allocation paid November 2023
Dublin City University 577,517 528,695
Maynooth University 542,978 506,593
University of Galway 624,081 558,054
Trinity College Dublin 497,546 461,278
University College Cork 691,494 602,451
University College Dublin 768,377 684,565
University of Limerick 567,073 516,042
Mary Immaculate College 194,549 173,741
National College of Art and Design 44,921 40,737
St. Angela's College 58,473 48,708
Technological University of the Shannon 575,988 527,979
Dun Laoghaire Institute of Art, Design & Technology 80,672 72,418
Dundalk Institute of Technology 226,426 203,874
SETU 943,716 801,085
ATU Sligo 331,772 266,210
ATU Donegal 294,945 278,671
ATU Galway/ Mayo 305,386 284,811
Munster Technological University 526,245 468,588
TU Dublin 1,083,862 952,157
Marino Institute of Education 46,113 44,160
National College of Ireland 97,701 61,247
Pontifical College 9,449 7,217
Royal College of Surgeons in Ireland 10,718 10,718
Total 9,100,000 8,100,000