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    Hi, when I applied for student finance last year it was based on my partners income from a year or two ago, I can't remember which year it was. Well he has had a massive increase in earnings this year. Will some of my student finance be made to be repaid as his earnings are more? Or will it just go down next year?
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    Hi there.

    We always look at the earning from the tax year two years prior to the academic year. So earnings in the 14/15 tax year will only be assessed in the 16/17 academic year and so on.

    Thanks.
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    Oh good, I thought it was 2 years ago the income I entered. It's just he's had a substantial income increase this year and my child tax credits will disappear and needs to be repaid I have been told. So nothing for sfe will need to be repaid and next years entitlement will be on last years and this increase in income this year will only affect me in year 3 correct?
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    Hi,

    Yes that is correct. If he's already given us his earning for the previous year we would have checked these and there would be no need to adjust them. The increase will only effect your student finance in later years.

    Thanks.
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    Great, thanks. He will earn just over 40k this year, roughly how badly will this hit me in year 3? We have 3 children so I know some adjustment is made there
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    Hi,

    The Student Finance Rates for that academic year will not be released until maybe January or February of that year so we couldn't tell you at this time.

    You can use the student finance calculator for this year to give you an idea but this will change.

    http://bit.ly/1eWRiXJ

    Thanks
 
 
 
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