I am asking this question on behalf of one of my students who will make an application to Student Finance next year. With no living parent to support her, and having funds held in trust for her is there any benefit to her if the terms of the trust are changed and she cannot access the Fund until she is 21. Currently the Fund is accesible at 18 but she has been given the option of changing this. We wonder if there would be any benefit to her in terms of loans and grants if she cannot access this money until she is 21 rather than 18?
question on behalf of student Watch
- Thread Starter
- 12-05-2015 17:03
Mark Lee - SFE Official Adviser
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Offline2ReputationRep:Official TSR Representative
- Official TSR Representative
- 13-05-2015 15:01
Income from a trust will be taken into consideration when making an assessment. If the trust is received in a year in which the student is studying then this can affect the assessment for that year and the amount of funding the student is given.