The Government's commitment is set out in the programme for Government. It is no more and no less. The programme for Government commitment is to reduce the student contribution fee in a financially sustainable manner over the lifetime of the Government. Budget 2026 was my first opportunity since taking up office to begin delivering on that programme for Government commitment. I did so with an immediate permanent reduction of €500 in the student contribution fee. That became effective straight away. Students are benefiting from that in the current academic year. That flat-rate reduction is universal. It is not means-tested and is available to all students, regardless of income. It has resulted in the base-rate fee reducing from €3,000 to €2,500 for the current academic year. That is the first permanent reduction in fees since free fees were introduced in 1995. It is significant and I am proud to have been able to deliver it. That fee reduction will benefit around 108,000 undergraduate students. A further 14,000 apprentices will also benefit, as will postgraduate students.
In addition, I have increased the income threshold for grant applicants to €120,000. As I said earlier, there are Members of this House who could now benefit from that. The new threshold reaches into the middle income bracket and, I would suggest, even a little bit beyond. Some 80% of households are now eligible for at least some form of SUSI intervention, whether in respect of fees, maintenance or both. I would welcome debate as to where to target further moneys. Further moneys have been pledged. I am of the view that we should be progressive and target these funds. We should look at investing moneys in the sections of society where they are really needed and where they will make a lifelong difference. That is why, as part of the budget, I invested in mental health and disability supports and increased all of the maintenance grants for the first five basic layers. I also increased the student assistance fund. We give help to everybody but we should give the most help to those who need it most. That is a fundamental principle of social democracy and social justice. I would welcome the Deputy's comments on that at some stage.