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Student grants and renting

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It’s that time of year where parents and their school leaving children are preparing for college for the first time. The main financial support for students or their parents is the Student Grant from SUSI (Student Universal Support Ireland). SUSI typically accepts late applications up until November. This is a means tested grant which may cover the fees (student contribution) and provide maintenance.

The limits that apply to the grant vary, but if the student was coming from a family with less than four dependent children, in order to qualify for the maximum rate of grant the total net income in the previous tax year would have to have been €39,875 or less. That refers to both the parent's income and the student's income, however €4,500 of the student’s income which they earn outside term time e.g. during the summer will be disregarded.

PUP

If the student was getting the PUP payment because they lost their part-time job due to the pandemic, this is taken into account. Currently there are no disregards allowed for PUP payments. If there is more than one student attending college from the same household, the limit may be increased by €4,830.

Maximum Student Grant

There are actually two different maximum rates of grant. There are referred to as the adjacent and non-adjacent rate. The adjacent rate is for students living within 45km of the college and the non-adjacent rate is for students living more than 45km from the college. The adjacent rate is €3,025. The non-adjacent rate is €1,125. There has always been a special higher rate of grant for disadvantaged students.

Student Assistance Fund

Yes, separate from the Student Grant from SUSI the colleges have access to the Student Assistance Fund. Students can apply directly through their college for assistance with expenses such as books or laptops. Typically, this involves completing an application form and going for a short interview in the college. There are no set amounts of funding under this scheme. The college will assess each application on its own merits.

Renting for the First Time

Don’t be tempted to pay a deposit or sign a tenancy agreement until you have seen the property. If you are signing a tenancy agreement check if you want to live in the property for the time period stated on the agreement, check for early break clauses. Make sure you have correct contact details for the landlord. If you chose to leave the property early you may lose your deposit.

Deposits

The landlord should only retain the deposit or part of it to cover any damage to the property beyond normal wear and tear. The tenant should take pictures of the property before they move out as evidence of the condition they left the property in.

Rents

There are different rules depending on whether the property is in a Rent Pressure Zone or not. A Rent Pressure Zone (RPZ)  is an area where rents cannot be increased by more than general inflation. At the beginning of a new tenancy in a RPZ, a landlord is required to provide the tenant, in writing, with the amount of rent that was last set. For a tenancy not located in a Rent Pressure Zones a landlord may increase the rent in line with market value once every two years.

For anyone needing information, advice or have an advocacy issue, you can call a member of the local Citizens Information team in Kerry on 0761 07 7860. The offices are staffed from Monday to Friday from 10am to 4pm, email tralee@citinfo.ie or log on to www.citizensinformation.ie for further information.

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Credit Union launch a new collaboration with Gilroy’s Green Energy Ltd.

Building on recent success the Credit Unions of Kerry and West Limerick have launched a new collaboration with Gilroy’s Green Energy Ltd. Gilroy’s Green Energy Ltd specialise in Photovoltaic (PV) […]

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Building on recent success the Credit Unions of Kerry and West Limerick have launched a new collaboration with Gilroy’s Green Energy Ltd.

Gilroy’s Green Energy Ltd specialise in Photovoltaic (PV) Solar systems that generate electricity, battery storage, air to water heat-pumps and much more.
Gilroy’s work with customers to receive the SEAI once-off grant towards the purchase and installation of solar photovoltaic (PV) systems and heat pumps for your home.
Collaborating with Kerry and West Limerick Credit Union expands the finance options available to Gilroy’s Green Energy Ltd customers to help finance new PV Solar Panel installations. Loan rates will be directly linked to the property BER starting from 4.7%(4.89APR) for an “A” rated BER.
Martin Gilroy; CEO with Gilroy’s Green Energy Ltd said: “We are delighted to officially launch this collaboration with the Credit Unions of Kerry and West Limerick. Customers have already reaped the benefits on recent installation projects after contacting their local Credit Union. Having a direct link to local Credit Unions allows us to guide customers to affordable financing options based on the specific installation quotation we provide at very competitive rates.“
Speaking on behalf of the Kerry and West Limerick Credit Unions, Ashley Fitzgerald added: “We are delighted to have Gilroy’s Green Energy Ltd come on board as part of our Greener Homes Loan offering. Home Energy Upgrade have become a prominent concern and talking point among members in recent months, by Credit Unions having a direct link with Gilroy’s Green Energy Ltd allows both sides to make referrals and seek the best finance option for members. We are working hard building relationships with Green Energy Ltd providers as we want to ensure our members can avail of the best loan rates for all upgrade works.”
Credit Unions across Kerry and West Limerick. Abbeyfeale Credit Union, Cara Credit Union, Killarney Credit Union, Listowel Credit Union and Rathmore and District Credit Union can be reached via: www.creditunion.ie
Gilroy’s Green Energy Ltd can be contacted on 066-7115920, email info@gilroys.ie or for more information visit www.gilroys.ie.

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Racegoers Club to host Cheltenham Preview Night

Killarney Racegoers Club will host its annual Cheltenham Preview Night in Corkery’s Bar on March 7. Admission is free and this year’s chosen beneficiary is the Killarney Branch of St […]

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Killarney Racegoers Club will host its annual Cheltenham Preview Night in Corkery’s Bar on March 7.

Admission is free and this year’s chosen beneficiary is the Killarney Branch of St Vincent De Paul Society.
The expert panel includes professional punter Paddy Wilmott, leading jockey Conor McNamara, up-and-coming Kerry-based trainer Eoin McCarthy and local bookmaker Brendan Tyther with Vince Casey acting as the event’s compere.

“There is no admission fee but a raffle on the night for dual membership of Killarney Racegoers Club for the year, which includes 13 days racing and many reciprocal days to other race meetings,” said Mr Casey.

The Cheltenham Festival begins on March 12.

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