Cyprus government approves increased student allowances for 2025-2026

The Cypriot Council of Ministers has approved a budget of €11.5 million for student allowances for the 2025-2026 academic year, marking a significant increase from the €10 million allocated in 2025. Finance Minister Makis Keravnos announced the measure, which aims to provide targeted support to students and their families.

Key changes include raising the maximum family income threshold by €5,000, bringing the limit for families with two children to €44,000. For families with more children, the threshold starts at €64,000, with an additional €5,000 allowance for each subsequent child. Furthermore, income and asset criteria have been abolished for families with more than five children. The government also increased the airfare allowance from €300 to €500 and introduced a one-time €500 grant for first-year students. A separate allocation of €1.2 million was approved for families of Greek students studying in Cyprus and repatriated Cypriot families, an increase of €200,000 from the previous year.

Applicants are required to submit their requests electronically through the government’s digital portal, utilizing the CY Login system. These measures are part of a broader government strategy to support higher education, supplementing a standard student grant scheme that exceeds €30 million.