Following a public consultation, Economy Minister Gordon Lyons has announced an increase to the Postgraduate Tuition Fee Loan from academic year 2023/24.
The maximum amount of Postgraduate Tuition Fee Loan available for postgraduate students from Northern Ireland is currently £5,500. From academic year 2023/24, this will rise to £6,500 - an increase of over 18%.
In addition, the Minister has announced that students from Northern Ireland who choose to study postgraduate taught degrees in eligible institutions in the Republic of Ireland will, from academic year 2024/25, be able to apply for student support in the form of the Postgraduate Tuition Fee Loan.
The announcement comes days after the Minister confirmed increases to the support available for undergraduate students.
The Minister said:
“Following my earlier announcement of increases to the student support package available for undergraduate students, I am pleased to also confirm an increase in postgraduate support. This will see the maximum amount of Postgraduate Tuition Fee Loan rise to £6,500 for eligible postgraduate students from Northern Ireland from next academic year, which I hope will better align the loan product with the costs of undertaking postgraduate study.
“In addition, I can confirm that, from academic year 2024/25, Northern Ireland students who are undertaking postgraduate taught courses at eligible institutions in the Republic of Ireland will also be able to apply for this support. This will place postgraduate students on a more equal footing with undergraduates who can already avail of financial support when attending these institutions.”
The changes to the maximum level of support available will be enacted following the laying of supporting regulations.
Notes to editors:
1. The maximum Postgraduate Tuition Fee Loan support to eligible Northern Ireland postgraduate students will increase from £5,500 to £6,500 from academic year 2023/24.
2. Northern Ireland-domiciled students studying postgraduate taught degrees in eligible institutions in the Republic of Ireland will be eligible to apply for the Postgraduate Tuition Fee Loan from 2024/25.
3. Responses to the consultation can be found on the Department's website.
4. To keep up to date with news from the Department you can follow us on the following social media channels:
- Twitter – @Economy_NI
- Facebook – @EconomyNI
- Skills to Succeed Facebook
- Instagram – economy_ni
- LinkedIn – Department for the Economy NI
5. For media enquiries contact the Department for the Economy Press Office at email@example.com
6. The Executive Information Service operates an out of hours service for media enquiries only between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The duty press officer can be contacted on 028 9037 8110.
- Further education colleges ‘the Way to Go’ to get the higher education skills you need 21 March 2023
- Lurgan trader ordered to pay £10,000 compensation for substandard work and misleading consumers. 21 March 2023
- Economic output statistics 17 March 2023
- Department for the Economy announces annual increase in limits for unfair dismissal and redundancy payments 16 March 2023