family income drastically reduced within uni year

What happens with student finance if your parents income suddenly changes (by thousands) half way through the year? either through redundancy, retirement or even death of the main earner ! ???

Is it just tough and you have to wait until the start of next year to get any extra money? And then do it based on current income rather than last years as most of the last years will have the higher amount.

My dad will be retiring in the March of my second year at uni. This will lower the household income by several thousand pounds, and definately enough to move us by at least least one of the bracket as we're only just in the one that we're in now.