University Of Manchester To Give One-Off £170 'Cost Of Living' Payment To All Students
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The University of Manchester is to give all registered students a one-off payment to help with the ongoing cost of living crisis.
The £7 million scheme has been described as a 'sector-leading initiative', with full-time students set to receive £170 this winter to help with rising costs.
Part-time students will receive £85, with all monies going into their UK bank accounts.
Around 45,000 students study at the University of Manchester, with bosses saying the scheme coincides with expansions to existing financial support including increases to the university's Cost of Living Support Fund which provides grants of up to £2,000 to students who are struggling and an extra £2,000 for postgraduate research students who receive University of Manchester-funded stipends.
Similarly, the university has also launched a 'cosy campus' initiative, transforming several spaces across the university for students to relax, socialise with friends and spend time in-between lectures and seminars.
In a statement on the initiative, the university said: "In recognition of the significant challenges faced by students over rising costs, the University of Manchester is dedicating £9m to providing further student support, building on an initial programme of wellbeing and financial assistance provided together with the Students' Union.
"The latest package of support represents a commitment of over £7million. Further targeted support in 2023 for those most in need will be announced in due course and bring the total of committed student support to £9million.
"This sector-leading initiative is a result of ongoing discussions between the University and the Students’ Union, arising directly from student feedback and suggestions from the Executive Officers."
Sam Bronheim, Union Affairs Officer at the Students’ Union, said: “We have valued collaborating with the University on this project and are glad they have listened to our ideas. With action like this, we hope students feel that through the Students’ Union their needs have not only been heard but met by the University.” April McMahon, Vice President for Teaching, Learning and Students, said: “The cost of living crisis is a major concern for our students, especially at this time of year. I’m so delighted that, working closely with the Students’ Union, we’ve been able to offer this payment. We also have wider support in place including wellbeing and further financial support through our Cost of Living Support fund, so would encourage any student that needs our help to please reach out.”
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