The bursary will be made up of a guaranteed payment of £1,200 a year to 12,000 of the most vulnerable young people including children in care and teenagers living away from their parents.
The rest will be given to schools and colleges to distribute as a discretionary fund to students who face financial barriers to participation such as transport or equipment costs.
Under EMA, students received a maximum of £30 a week, at an annual cost of more than £560m.
Education Secretary Michael Gove said: "Sadly, we have been falling behind other nations in our educational performance. We have one of the most unequal education systems in the developed world.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
