Student finance

My mum has lived with her partner since I can remember he is classed as my stepdad, however he is a full time university student as of September this year and will be earning a lot less due to having to do placement for his course how do I make this clear on my application?

Reply 1

Graeme SFE

Official Rep

Original post by Juliaakonieczna

Hi there,

Do you know if your Stepdad expects his income to drop by more than 15% in the 23/24 tax year?

Thanks, Graeme

Reply 2

Juliaakonieczna

Yes definitely! He used to do 24 hour shifts at two different jobs and definitely did more than 70/80 hours and his placement will be full time as well so he will be dropping to 26 hours max!

Reply 3

Graeme SFE

Official Rep

Original post by Juliaakonieczna

Yes definitely! He used to do 24 hour shifts at two different jobs and definitely did more than 70/80 hours and his placement will be full time as well so he will be dropping to 26 hours max!

Thanks, in this case your sponsors can complete the Current Year Income (CYI) form and then upload it to their accounts: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1149325/sfe_cyi_form_2324_o.pdf

That way, so long as there's a predicted drop of 15% or more, we can use their 23/24 estimates to assess your Maintenance Loan. Just to let you know, we're currently processing these forms in 16 working days.

Thanks, Graeme

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