Student Loans: Am I entitled to more money?

I applied for my loans last summer however I didn't complete the household income assessment section because I knew (or thought) I wouldn't be entitled to any more extra money because the household income was well above the threshold and my brother didn't receive any extra money


However my flatmate told me though parents who have more then 1 children in Higher Education may gain extra funding. Is this true and if so how can I change my status or application?



Many Thanks

Yes, that's true. You need to fill in a change of circumstances form.

I applied for my loans last summer however I didn't complete the household income assessment section because I knew (or thought) I wouldn't be entitled to any more extra money because the household income was well above the threshold and my brother didn't receive any extra money


However my flatmate told me though parents who have more then 1 children in Higher Education may gain extra funding. Is this true and if so how can I change my status or application?



Many Thanks

they reduce the household income they look at by a small ammount if your parents have other children in higher education but its not by very much.

they reduce the household income they look at by a small ammount if your parents have other children in higher education but its not by very much.

I thought only 75% of the student loan (for living and accomodation) was available without means testing the parents.

But if there is more than one child at uni, and the parents complete the means testing form, then if Student Finance decide the parents should provide support (which they will - the 25%), then the parents only pay one amount and that is split between the two students?

So effectively, that saves the parents 25% of one student Maintenance loan. I think the loan is £5.5k (http://www.sfengland.slc.co.uk/full-time-study/new-students/what's-available-in-201314/living-costs.aspx)? So 25% of that is £1,375?

This would increase your student loan by half that. But you pay a fixed amount back and nobody will ever pay it all back - so it is not a loan but a graduate tax - so you might as well borrow as much as you can.

Of course, the next challenge is to ask your parents to split the £1,375 saved between the two children, to help them live. If you succeed with that, it could mean another £687.50 per child per year? Sounds worth a go to me.

Of course, I could have got that all wrong and there might be nothing (I never expect any help, and I am rarely disappointed). But it seems to me as though it is worth asking the question. Better than letting the government off the hook for your education entirely.

i must admit i cant follow what your saying but im guessing you probally know more than me. as far as i was aware they simply knocked a couple of grand off the income they looked at- so if a family earned £60,000 but would have 2 kids at uni then SF would consider the income to be £56,000 or whatever. I could be wrong though and you seem to know more than me.

I thought only 75% of the student loan (for living and accomodation) was available without means testing the parents.

But if there is more than one child at uni, and the parents complete the means testing form, then if Student Finance decide the parents should provide support (which they will - the 25%), then the parents only pay one amount and that is split between the two students?

So effectively, that saves the parents 25% of one student Maintenance loan. I think the loan is £5.5k (http://www.sfengland.slc.co.uk/full-time-study/new-students/what's-available-in-201314/living-costs.aspx)? So 25% of that is £1,375?

This would increase your student loan by half that. But you pay a fixed amount back and nobody will ever pay it all back - so it is not a loan but a graduate tax - so you might as well borrow as much as you can.

Of course, the next challenge is to ask your parents to split the £1,375 saved between the two children, to help them live. If you succeed with that, it could mean another £687.50 per child per year? Sounds worth a go to me.

Of course, I could have got that all wrong and there might be nothing (I never expect any help, and I am rarely disappointed). But it seems to me as though it is worth asking the question. Better than letting the government off the hook for your education entirely.