The recent budget announced by George Osborne included a lot of changes which will affect youngpeople, not least the scrapping of university maintenance grants. The maintenance grant was afundamental part of university finance for many students. It was means-tested, which meant that ifyour parents or guardians earned under a certain amount, you’d get regular payments (usually oncea term) from the government in order to cover rent, food and bills during your time at university.The good thing about the maintenance grant was that – no matter whether you got the full amountor a lesser sum (due to your parent’s earnings) – you did not have to pay it back. The maintenancegrant was just that; a grant. Grants are given out by the government and other organisations for aparticular purpose. In this case, it helped to get those unable to support themselves (or be financiallysupported by their parents) to university.
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