Today, the Mongolian Student Union, together with students’ representatives reported changes to monthly allowances for students. For the 2014-2015 academic year, it was calculated that a total of 121,224 students will be receiving 91.3 billion MNT in national and inventive scholarships. Starting from 2012, for the past 3 years, more than 300 billion MNT has been given as as student social welfare.

During these times of economic difficulty,  lawmakers have said that the current status of student allowances hinders the country’s budget. Therefore, the following suggestions were proposed by the student's union.

-Change the regulatory requirement of having at least a 2.0 GPA in order to receive a national allowance to a GPA requirement that starts at 3.0 and higher. By doing this, up to 62,780 students will get 48.8 billion MNT and 32 billion MNT will be saved.

-Stop providing students pursuing their master's and doctoral degrees with national and incentive allowances. This will lead to savings of up to 4.8 billion MNT.

-Revise rules concerning educational institutions by monitoring their quality and increase the number of requirements.

-A suggestion was proposed to add to and change the rules when awarding students with national and incentive allowances, by not only looking at GPA scores, but also taking into consideration other factors: an individual student’s income level, family status (whether one is an orphan or not), the presence of disabilities, whether or not students come from rural areas, and whether  or not they actively participate in social and community activities.

When students from the Mongolian Student Union were asked what they spent their allowance money on, 60 percent responded that through their contracts with university administration, the money directly went to paying their tuition fees.

About 20 percent said that they spent their money on paying for housing and to purchase essentials.

Ten percent of responders said that they used the money to buy things on credit, such as laptops. 

A certain percentage of money saved from the national and incentive allowances is suggested to be spent on student-oriented projects and reforms in education, as well as on building libraries and dormitories for students, and inviting the world’s leading scholars to Mongolia.