maintenance loan has gone down by £1000

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juulgod
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I'm staring my 2nd year of uni this September and I just received the amount of maintenance loan I will be getting for 2020/21 and it is £1000 lower than what I got for 1st year, this just makes no sense to me since my father recently resigned from his job due to some Covid related issues so surely I'd be getting a higher amount compared to last year when my parents were both employed???
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(Original post by juulgod)
I'm staring my 2nd year of uni this September and I just received the amount of maintenance loan I will be getting for 2020/21 and it is £1000 lower than what I got for 1st year, this just makes no sense to me since my father recently resigned from his job due to some Covid related issues so surely I'd be getting a higher amount compared to last year when my parents were both employed???
Have your parents submitted their household income information for 2018/19?
You will initially be awarded the basic loan amount (usually about £4k). Once your household income information (and any evidence) for 2018/19 has been submitted and assessed (takes 2-6 weeks normally but it’s likely to be around 6 weeks at the moment) your loan amount will be adjusted upwards. This will have happened last year when you applied for finance too.

THEN if your household income has fallen by 15% or more your parents need to complete and submit the CYI form with estimated income for 2020/21 tax year. SFE will then adjust your loan again.

The household income forms are here: https://www.gov.uk/student-finance-f...i/2020-to-2021
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