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Question about house hold income

Hi,

I am going through the student finance calculator and I am going to be applying pretty soon but have a question about household income, I am currently 23, working full time and living with my parents.

From what I understand the household income is what my parents and I earn but once I start uni in September I will no longer be working full-time, will this change how much I am getting and how to I enter this?

Thank you!

Reply 1

Mark Lee - SFE Official Adviser

Official Rep

Hi CharlesNursing

The assessment would be based on your parents income, unless you have supported yourself financially for 3 years in which case you can request to be assessed as independent.
You only need to declare your own income from:

•

Bank or Building Society Gross Interest

•

Property Lettings or Rent

•

Dividends from investments/shares/unit trusts

•

Trusts or Sponsorships

•

Pensions

•

Any other payment received for attending the course (This does not include University Bursaries).

Thanks

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