Hi Mark Lee,
I've received a letter informing me that I am not able to be considered as an independent student as I earn below 'an appropriate level'. I must therefore use my parents income to support my application. I have downloaded the necessary forms from http://www.sfengland.slc.co.uk/householdincome.
At the time of writing I am eligible for Tuition Loan (Which fully covers my Tuition costs) and a £3,575 Maintenance Loan. I am aware my £3,375 Maintenance Loan is only 65% of the possible £5,500 Maximum Maintenance Loan as my application is not yet income assessed. (no grants either yet)
My parents have told me there is a possibility their income before tax may just about exceed the £42,611 threshold, which I understand means that I won't receive a grant. But would this also effect my loan amount? I really need as close to the Maximum £5,500 Maintenance Loan as possible. I did a few tests with the online Finance Calculator and it seemed to lower to loan amount the further I went over £42,611 the lower the loan went.
Missing Maintenance Grant watch
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Last edited by itsjustliam; 17-05-2013 at 18:28. Reason: New Information
- 15-05-2013 04:39
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- 20-05-2013 14:30
Yes the income assessment will also affect your loan entitlement and even if you aren't eligible to receive a Maintenance Grant your Maintenance Loan may still increase.
Hope this helps,