how to get loan income based for year 2011/12

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  1. Sally <3 Howl's Avatar
    • Adored and Respected Member
    • Location: Wilmslow, Cheshire
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    how to get loan income based for year 2011/12
    My dad was made redundant in October 2011 and was unemployed for 6 months. This years student finance is based on the year 2010/11 but i'd like to have mine based on 2011/12 year because my parents earned considerably less that tax year.

    I've spoken to student finance on facebook and one of their employees said I needed to apply with the 2010/11 information and then complete a form to have it based on the current year but I don't want it based on 2012/13 i want it on 2011/12

    Any help? :confused:
  2. tiny hobbit's Avatar
    • Peer Of The TSR Realm
    • Location: Worcestershire
    Re: how to get loan income based for year 2011/12
    (Original post by Sally <3 Howl)
    My dad was made redundant in October 2011 and was unemployed for 6 months. This years student finance is based on the year 2010/11 but i'd like to have mine based on 2011/12 year because my parents earned considerably less that tax year.

    I've spoken to student finance on facebook and one of their employees said I needed to apply with the 2010/11 information and then complete a form to have it based on the current year but I don't want it based on 2012/13 i want it on 2011/12

    Any help? :confused:
    As I understand it, that isn't an option. The default year for the academic year starting Oct 2012 is 2010-11. The only alternative is to ask for "current year assessment" i.e. 2012-13 if your household income is 15% (I think) lower than it was in 2010-11.

    I've used this for the last 3 years.

    For next year, I'm using 2010-11 figures, which SF know better than I do!
  3. Sally <3 Howl's Avatar
    • Adored and Respected Member
    • Location: Wilmslow, Cheshire
    • Posts: 508
    Re: how to get loan income based for year 2011/12
    (Original post by tiny hobbit)
    As I understand it, that isn't an option. The default year for the academic year starting Oct 2012 is 2010-11. The only alternative is to ask for "current year assessment" i.e. 2012-13 if your household income is 15% (I think) lower than it was in 2010-11.

    I've used this for the last 3 years.

    For next year, I'm using 2010-11 figures, which SF know better than I do!
    Well that's awkward My dads new job isn't as well paid so he won't earn as much in the current year but I don't think it's enough to be 15%

    Our household income was about 20-25% lower in 2011/12 so my parents are really in debt and can't help me and my rent for the first semester will take up most of my first loan I suppose I'll have to call them and ask.

    Thanks for your help
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