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09/08/2022

Call For Greater Student Accommodation Financial Support

Students across Ireland facing high accommodation costs should be given more government support, a Fine Gael Senator has said.

A call has been made for the tax relief currently available to students to include accommodation costs.

The relief is granted at the standard rate of income tax, currently 20%, where an individual pays 'qualifying fees' or tuition fees in respect of an approved course. This includes the 'student contribution'.

Fine Gael Senator Aisling Dolan said: "There is no specific provision for a tax relief when it comes to student accommodation costs. Whether it is a higher rate or a targeted relief, those eligible should be able to claim more to offset this cost.

"We're approaching a new college semester and students are in the midst of accommodation hunting, an often difficult and time-consuming process. This also puts pressure on parents and families who are trying to find the best option.

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"We've seen the positive impact of the Rent-a-Room scheme which supports third level students with relief to people offering rooms for rent within their sole or main home and this rental income is exempt from PRSI/ USC. This could be a worthwhile consideration for people living close to third level campuses all around the country. However, we need to do more to ensure students have increased choice when it comes to accommodation.

"The Government has agreed to a significant intervention in recent weeks where the State would pay colleges to build accommodation in return for cheaper rents. This is incredibly important, but it will take time to implement.

"In comparison to last year, there are 1,200 additional beds. As we continue to increase supply, we must ensure that do everything we can to assist families with the cost of accommodation."

Minister Simon Harris and his Department have also made changes to support students and families by increasing the income threshold levels of support by €1,000 with Student Universal Support Scheme (SUSI) as well as an additional €200 for the maintenance grant. The reduction of the eligible distance to college from 45kms to 30kms means more students are eligible for support and recent reductions of 50% in public transport fares mean more economical options to travel to college.

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