Third-level institutions who avail of a new Government low-interest long-term loan scheme must offer rents to students for below market rates, Simon Harris has warned.
It is envisaged that the scheme could deliver more than 2,700 student beds in institutions across the country.Werner Hoyer, President of the European Investment Bank, was in Dublin for the announcement and told reporters that the cost of student accommodation can be a barrier that stops some students from pursuing further studies.
"From that point of view, it's very, very serious and we take it seriously. It is not an Irish problem to be quite blunt as well. Wherever I go in the European Union, I am confronted with similar issues."
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Rent for thousands of State-funded student beds to be provided at ‘below market rates’Low interest loans expected to deliver up to 2,700 new student beds as Trinity moves to freeze rents amid affordability concerns
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