Budget 2024/25

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Cost-of-Living Package for Students in Third Level Education

2024/25 Academic Year

Minister for Finance Jack Chambers has outlined a significant cost of living package for third level students in the budget announced on 1st October 2024.

The package includes a:

Once-off €1,000 reduction in the student contribution fee for higher education students eligible for the free fees initiative (Postgraduate students and students ineligible under the criteria of the free fee initiative are not eligible for this funding). This should be reflected on student accounts where eligible. If you have already paid in full please follow the instructions here to provide your bank details.
Once-off increase of €1,000 in the support to SUSI qualified Post Graduate students, increasing from €4,000 to €5,000. This is reflected on student accounts where eligible.

More details on the funding package for the tertiary sector can be found here

Budget 2025 also provides for:

€1.5 billion package over six years of current and capital investment for research, skills and higher education
Increase core funding by €150 million annually
The renters’ tax credit will be topped up by €250 to €1,000 per renter for this year and will stay at that level for 2025

From September 2024, student contribution fees will be abolished for all incomes under €55,924 via applications to SUSI

⁠Increasing the Special Rate of Maintenance Grant threshold from €26,200 to €27,400. 
Increasing Standard Rate Maintenance Grant thresholds and Student Contribution Grant thresholds by 15 per cent. 
Increasing the Postgraduate Fee Contribution threshold and the Student Part-Time Fee Scheme threshold to match the new 100 per cent Student Contribution threshold of €64,315.

This will include students on specified undergraduate part-time/part-time online courses.