adam_2198
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I am doing a foundation year and am going to progress on to the first year of my course. I applied student finance last year and was given a certain amount for maintenance
however this year my dads income has lowered by a lot and i want to get more money for my maintenance loan.
I sent SLC a letter asking for more money but they sent me a letter giving me the same amount of money as last year.
What should i do and how do i change my financial assessment
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CTLeafez
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(Original post by adam_2198)
I am doing a foundation year and am going to progress on to the first year of my course. I applied student finance last year and was given a certain amount for maintenance
however this year my dads income has lowered by a lot and i want to get more money for my maintenance loan.
I sent SLC a letter asking for more money but they sent me a letter giving me the same amount of money as last year.
What should i do and how do i change my financial assessment
If your household income has dropped by 15%+ then you can fill in a form and use your dad's P60 from the just gone financial year (16-17)
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adam_2198
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(Original post by CTLevers)
If your household income has dropped by 15%+ then you can fill in a form and use your dad's P60 from the just gone financial year (16-17)
cheers for the reply.
can u tell me which form u r on about or send the link for the form please
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Tiger Rag
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(Original post by adam_2198)
cheers for the reply.
can u tell me which form u r on about or send the link for the form please
It''s a current year assessment form, which I believe is known as a CY1 form. Not sure if you can get that online though.
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murpo
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(Original post by CTLevers)
If your household income has dropped by 15%+ then you can fill in a form and use your dad's P60 from the just gone financial year (16-17)
(Original post by adam_2198)
cheers for the reply.
can u tell me which form u r on about or send the link for the form please
CTLevers gave you the wrong advice(and strangely got 2 rep for doing so) a current year income form would take the 17/18 tax year income estimates which started from April 2017. Both parents who are supporting you would first need to submit their 15/16 income and then send in a CYI form.

In April 2018 your parents would be contacted to ask for their actual income and they would have to complete a PR2 form, if your parents estimated wrong then it would put you into overpayments.

Any questions just let me know.

Link for the form : http://media.slc.co.uk/sfe/1718/ft/s...orm_1718_d.pdf
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CTLeafez
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(Original post by murpo)
CTLevers gave you the wrong advice
I admittedly got the dates for the assessed financial year wrong but my advice is correct otherwise.



"If your household income is expected to drop by 15% or more, you can ask for income details for the current tax year to be assessed instead. To do this, download and fill in a ‘CYI - current tax year income form’."

https://www.gov.uk/apply-for-student...usehold-income
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murpo
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(Original post by CTLevers)
I admittedly got the dates for the assessed financial year wrong but my advice is correct otherwise.



"If your household income is expected to drop by 15% or more, you can ask for income details for the current tax year to be assessed instead. To do this, download and fill in a ‘CYI - current tax year income form’."

https://www.gov.uk/apply-for-student...usehold-income
The only part you got correct was the 15% drop so your advice was not correct at all - very misleading. You should only post if you know what your talking about.

"when you can fill in a form and use your dad's P60 from the just gone financial year " This was incorrect too - it is never taken from the financial year that has just gone

CYI works like this.

AY 17/18 - tax year 17/18
AY 18/19 - tax year 17/18
AY 19/20 - tax year 17/18

It can be used for 3 years running once provided. The sponsors(parents/partner/spouse) just have to give permission each year
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