The government says it's upping the money it gives students to live on.
Maintenance support for those studying in the UK will rise from £5,500 to £7,500 a year, while those outside the UK will see a rise from £6,000 to £8,000.
Isle of Man college students on non-degree courses will get around £5 a week more, and degree students will get around £20 extra a week.
Education Minister Graham Cregeen says Tynwald will need to approve the new rules.
Have you taken the binman's tip this Xmas?
Ramsey Domino's delayed until next year
No timeline for rights of way at nature trails
Manx driving licence scam on Facebook
Government reminder to clear MiCard balances soon
Youtube channel says you can live here for £450 a month
Post Office announces price rises
Police appeal for missing 86 year old