Student loan related queryWatch
I have heard that they take both your parents earnings/savings and your own savings into account before deciding how much you are awarded. Can anyone confirm this?
This is a source of worry to me, as I save quite responsibly and don't see why i should be disadvantaged because of that, while others waste their money on alcohol and drugs.
If anyone can clarify things i would greatly appreciate it.
http://www.dfes.gov.uk/studentsuppor...uide-04-05.pdf is the guideline for student support from last year. The applications forms and guidance notes for 2005 entry haven't been released yet.
Your entire household income is assessed whent deciding if you're eligable for fee support, additional student loans and grants. Your household income is irrelevent when it comes to the standard student loan of ~£3k.
Your personal income and savings isn't assessed unless you're classified as an independant student (ie you've been living away from your parents for 3 years)
I'm glad my savings aren't taken into account and the pdf file was also useful.