10,000 students to receive cost of living payment worth up to £230

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Six out of 10 students say they are struggling with rising costs according to the Office of National Statistics (ONS) (Image: Getty Images)
Six out of 10 students say they are struggling with rising costs according to the Office of National Statistics (ONS) (Image: Getty Images)

Thousands of students are set to receive a cost of living payment worth up to £230 in the next few weeks.

Full time students will receive a £230 payment whilst part time students will get £115.

Eligible students at the University of Manchester (UoM) should have received an email by Wednesday, March 8 confirming that they will receive the money.

The email will allow the student to make sure their bank account details are up to date.

If your details are updated by today then you should expect to see the cost of living payment by Thursday 16 March.

Even the Tooth Fairy is feeling the cost of living crunch with payments down 10% eiqrkirhihdinvEven the Tooth Fairy is feeling the cost of living crunch with payments down 10%

If you update your details after today, then you will see the payment made within ten working days.

This means students should receive the money by Friday March 24.

The funding for this payment comes from the £9million cost of living package that was announced by the University of Manchester in November 2022 after working with the university's Student Union.

The overall support payment is £400 for some full time students, with the first payment of £170 being paid in December last year.

The first payment gave part time students a top up of £85.

The first payment went to all full-time students fully registered on an undergraduate or postgraduate degree, or postgraduate programme.

However, there was a very small number of professional-level post-graduate courses who was not eligible to receive the payment.

The second payment is a targeted payment to those "most in need".

The University of Manchester website says the second payment will go to those:

Students who receive a specific bursary or scholarship will also be eligible for the money.

Savvy supermarket shopper shares how she stretches £60 into ten mealsSavvy supermarket shopper shares how she stretches £60 into ten meals

Alongside this, the University of Manchester also has a support fund that can provide, depending on a financial assessment, non-repayable grants of up to £2,000 to struggling students.

Sam Bronheim, union affairs officer at the Students’ Union said: “We are delighted to announce this second targeted payment to 10,000 students and we’ll continue to collaborate with the University to support the wider student body with the rising cost of living.

"We’re also lobbying local and national government, on students’ behalf, to introduce greater financial support for the student community”.

Ruby Flanagan

Cost of Living: We're Here to Help, Students, University of Manchester

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