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    I was wandering how you calculate total household income? My parents earn a total of aound £15000 a year, which I think is fairly low and consequently I was hoping to be eligible for a higher maintanence loan.

    Recently one of my parents gained £35000 from selling inherited land. Generally speaking you do not have to declare inheritence, but as this money was only indirectly inherited, we felt we should put it as a lump-sum.

    We are now worried that we are going to be assessed as a household with an income of £50000, because of a one off random event, despite the fact that we have always had (and will have in the future) a relatively low household income.

    Do you have any information that may confirm or deny my worries? Is this going to hurt my application? Can it be salvaged if we say how we came to have the £35000 as a lump sum?
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    (Original post by StudentNumber727)
    I was wandering how you calculate total household income? My parents earn a total of aound £15000 a year, which I think is fairly low and consequently I was hoping to be eligible for a higher maintanence loan.

    Recently one of my parents gained £35000 from selling inherited land. Generally speaking you do not have to declare inheritence, but as this money was only indirectly inherited, we felt we should put it as a lump-sum.

    We are now worried that we are going to be assessed as a household with an income of £50000, because of a one off random event, despite the fact that we have always had (and will have in the future) a relatively low household income.

    Do you have any information that may confirm or deny my worries? Is this going to hurt my application? Can it be salvaged if we say how we came to have the £35000 as a lump sum?
    If the lump sum was a one off in the 2014/15 tax year then you can ask to be reassessed based on 2016/17 estimates instead using the CYI form https://www.gov.uk/student-finance-f...ails/year-1617
 
 
 
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