What Students and Parents Need to Know

Third-level education is an exciting milestone, but it can also place significant financial pressure on students and their families. Rising living costs, accommodation shortages and everyday expenses mean that many students feel the strain long before the academic year even begins.

Understanding the true cost of college — and knowing what supports are available — can help families plan ahead, reduce stress and make informed financial decisions.

The Real Cost of Being a College Student

The cost of attending college in Ireland can be substantial, even before tuition fees are considered. Accommodation remains the single biggest expense for students living away from home, with additional costs including:

• Food and groceries
• Utilities and internet
• Transport
• Books and course materials
• Technology such as laptops
• Day-to-day living expenses

For many families, managing these costs requires a combination of savings, grants, part-time work and careful budgeting.

What Grants and State Supports Are Available ?

SUSI Grants

The Student Universal Support Ireland (SUSI) grant is the main financial support available to third-level students. Depending on household income and individual circumstances, students may qualify for maintenance and/or fee support.

👉 Find out more at www.susi.ie

HEAR and DARE

The HEAR (Higher Education Access Route) and DARE (Disability Access Route to Education) schemes provide additional supports for eligible students, including reduced points requirements and access to financial and academic supports.

👉 Learn more at www.accesscollege.ie

Student Assistance Fund

The Student Assistance Fund offers short-term financial help to students experiencing serious financial difficulty during the academic year. This fund is administered directly by colleges and universities.

Students should contact their college Access Office or Student Services Department for details on how to apply.

Tax Relief on College Fees

Parents who pay tuition fees for approved third-level courses may be entitled to tax relief at the standard rate on qualifying fees above the relevant threshold.

👉 Further information is available from www.revenue.ie

Our Student Bursary – Supporting Local Students

Each year, Synergy Credit Union supports students within our community through its Student Bursary programme.

The bursary is designed to:

• Support students as they progress to third-level education
• Help ease some of the financial pressure associated with college life
• Reinforce Synergy Credit Union’s commitment to the local community

📌 Details of the next Student Bursary will be announced in due course.
We encourage students and parents to keep an eye on our website and social media channels for updates.

Education Loans – Planning for the Cost of College

For families who need additional support beyond grants and bursaries, Education Loans can play an important role in managing college expenses.

At Synergy Credit Union, Education Loans can help cover:

• Accommodation and deposits
• Laptops and course equipment
• Books and study materials
• Living expenses during the academic year
• Car Purchase or transport costs

Our approach focuses on:

• Competitive rates
• Flexible repayment options
• Local, personal service you can trust

Speaking to your credit union early allows time to plan repayments in a way that suits your family’s circumstances.

Think Ahead, Stress Less

College costs don’t begin in September — they start much earlier. By understanding likely expenses, applying for supports on time and planning finances in advance, students can focus on their studies rather than financial pressure.

Education is one of the most important investments a family can make. With the right information and support, it’s an investment that can be made with confidence.

Frequently Asked Questions