Self Employed and Student Loan

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1pikapikachu
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#1
Report Thread starter 1 month ago
#1
Hi,
So I'm a 19-year-old going into the first year, after foundation year. I am financially dependent on my parents.
Generally, I want to become self-employed to do some freelance work and earn some extra money now and later while the year goes on.
So I wanted to ask if I do need to declare it and if it will affect my maintenance loan amount?

Thanks!
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PQ
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#2
Report 4 weeks ago
#2
Earned income by the student isn’t included in your household income assessment. You can earn as much as you like and it won’t change your loan amount
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SFE Clare
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#3
Report 4 weeks ago
#3
(Original post by 1pikapikachu)
Hi,
So I'm a 19-year-old going into the first year, after foundation year. I am financially dependent on my parents.
Generally, I want to become self-employed to do some freelance work and earn some extra money now and later while the year goes on.
So I wanted to ask if I do need to declare it and if it will affect my maintenance loan amount?

Thanks!
Hi there,

We don't include the students earned income in the assessment as we will use your parents financial details to award you with the income assessed element of the Maintenance Loan.

Thanks, Clare
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1pikapikachu
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#4
Report Thread starter 4 weeks ago
#4
(Original post by SFE Clare)
Hi there,

We don't include the students earned income in the assessment as we will use your parents financial details to award you with the income assessed element of the Maintenance Loan.

Thanks, Clare
Thank you so much!!!
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