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    Does student finance take into account expenditure when looking at parental income? On paper it looks as though our income has risen significantly but this is only because my husband now works in London through the week. Most of this rise in income is spent on accommodation in London and travel. I'm worried that this will reduce what my son can borrow.
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    (Original post by wigwag)
    Does student finance take into account expenditure when looking at parental income? On paper it looks as though our income has risen significantly but this is only because my husband now works in London through the week. Most of this rise in income is spent on accommodation in London and travel. I'm worried that this will reduce what my son can borrow.
    The finance calculation deducts pension contributions and a set amount for any dependent children (including any other children at university)

    It doesn't include accommodation or travel costs. (you can see the current years finance forms here for what information is requested: https://www.gov.uk/student-finance-f...ails/year-1617 )

    However if either you or your husband is able to claim single person discount for council tax then you could use that is proof that you're separated (and so household income would be based on a single income and not your combined incomes).
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    Hi

    Student Finance will assess on gross household income. There would not be an allowance for travel and accommodation costs.

    Thanks
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    (Original post by wigwag)
    Does student finance take into account expenditure when looking at parental income? On paper it looks as though our income has risen significantly but this is only because my husband now works in London through the week. Most of this rise in income is spent on accommodation in London and travel. I'm worried that this will reduce what my son can borrow.
    One other thought - for 2017/18 finance SFE will ask for income details for the 2015/16 tax year. If your husband's job change was only recent then it might not be counted for your son's first year (although future years will use more recent tax years for the assessment)
 
 
 
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