O State Budget for 2023 (OE2023) brought several measures to support families and companies to combat the current crisis in which we live, marked by strong inflation. One of the highlights is the measures for students and young workers who turn out to be one of the classes most affected by the crisis. That’s what we explain next. Thus, there are several measures aimed at respond to the difficulties that many of our young workers face at the beginning of their careers as well as those of young university students who are increasingly finding it difficult to pay tuition or accommodation, for example. It should be noted that some of the measures are already in force this school year. Thus, the main measures for students and for young workers.
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4 measures for working higher education students
Freezing tuition fees
It is planned for the academic year 2023/2024 to freeze tuition fees, that is, these won’t go down, but they won’t rise either🇧🇷 So they will be exactly the same as this year.Exceptions are public higher education institutions that have reduced tuition fees in the 2020/21 academic year🇧🇷 “In the academic year 2023-2024, in cycles of studies granting a higher academic degree and in professional technical courses at public higher education institutions, the value of tuition fees in each cycle of studies cannot exceed the amount fixed in the academic year. from 2022-2023 in the same study cycle”, the measures detail.
Automatic award of grants
As for scholarships, the goal is to reach 82,500 students benefiting from social support in the academic year 2022/2023 (4,000 more than in the previous academic year). automatic assignment of student scholarship that form part of the 1st, 2nd or 3rd level of the family allowance. In other words, students who find themselves in this situation do not have to take any action as the support is automatic, they just need to be academically successful.
Accommodation support for higher education students
One of the main difficulties faced by higher education students is precisely the high cost of accommodation. Thus, they gain access to a monthly supplement between 221 euros and 288 euros for accommodation costs.In other words, this measure comes into force this school year and will benefit: scholarship students; and students from needy families with low incomes, that is, with the national minimum wage (even without social action scholarship). It should be noted that this support can reach around 15,000 students.
Mental health support program
The State budget for 2023 also provides for the implementation of a program with a view to the mental health of higher education students🇧🇷 In other words, the objective is to promote a more effective intervention in cases where a student’s mental health interferes with his academic performance as well as its integration in the university environment.The change from secondary education to university life is the antechamber and a kind of preparation for the beginning of your professional life. This transition implies the beginning of concerns about managing your money. In addition to family or specialist advice, it is essential to look for solutions that can serve your interests and your path during this transition. Also read: Student credit: how does it work?
3 measures for young workers at the beginning of their careers
Young IRS
First, the Youth IRS applies to young people between the ages of 18 and 26 with higher education🇧🇷 The measure on the table provides for an increase in the exemption applicable to young people’s income to: 50% in the first year of activity; 40% in the second; 30% up to the fourth year since the beginning of activity; Finally, 20% in the last year. Currently, young workers rely on five-year exemption, but with much smaller margins, that is: 30% exemption in the first two years of activity; 20% in the two following years; and 10% in the last year. can still reach young doctorates up to the age of 28🇧🇷
access to housing
The State budget for 2023 also brings news in the access to housing. Are they:Reinforcement of the Porta 65 initiativeThis measure had already been approved in the State budget of the previous year and is now back on the table. This goes through increase in planned support to 300 euros per month🇧🇷 The support should reach more than 1,000 young households. In 2022, the maximum income of a T0 or T1 admitted to apply for support was 468 euros in the center of Porto and 581 euros in Lisbon. with those already provided for in the Affordable Lease Program (PAA) where the rent ceilings are higher.PAA with greater flexibility in the applications There is now greater flexibility in terms of application, namely in terms of platform automation🇧🇷 This flexibility is also already implicit in the new terms proposed for applications to the port 65. On the other hand, no longer require a tenancy agreement under the New Urban Lease Regime.Possibility to work for the StateIt is planned to create a central recruitment for admission to the Public Administration aimed at the best students. In other words, this measure aims to contribute to a better integration of young graduates into the labor market.Also read: Student accounts: how do they work and what are their advantages?
A professional writer by day, a tech-nerd by night, with a love for all things money.