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<p>Students will benefit from nearly £600 million invested into the £2 Bus Fare Cap
scheme, which was introduced by the Department for Transport and has now been extended
until 31 December 2024. This scheme provides affordable transport links across England,
outside of London. Transport in London is devolved to the Mayor of London and Transport
for London and it is for them to make decisions on fares.</p><p> </p><p>The government
recognises the wider cost of living pressures that have impacted students. The department
has made £276 million of Student Premium and Mental Health funding available in the
2023/24 academic year to support students who need additional help, including disadvantaged
students. This funding will complement the help universities are providing through
their own bursary, scholarship and hardship support schemes.</p><p> </p><p>The government
has continued to increase living costs support each year with a 2.8% increase for
the 2023/24 academic year. The department is considering options for loans and grants
for living and other costs for the 2024/25 academic year and will be making an announcement
in due course.</p>
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