TUS Students' Union say it would benefit 80,000 college-goers.
The Higher Education Minister has published a document highlighting the options open to him ahead of the Budget later this month.
A cut of up to 1,000 euro in the student contribution charge is being considered in order to reduce the cost of higher education.
Alternatively, a 25 percent increase in student grants as well as extended limits are also being mentioned.
Student Union President at the Technological University of the Shannon, Niall Naughten says students are facing many challenges:
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