Second year student finance

I'm applying for second year student finance and wondering whether or not I need to include my parent's income in my application.

Currently, my full time address is with my parent's however I am not supported by them. As of August 1st, my full time address will be at university on a full year tenancy and I will be staying there for the full year. Should I include my parent's income or should I only include my income as I will not live with them at all as of August 1st?

Reply 1

SFE Jason

Official Rep

Original post by FiftyYards

I'm applying for second year student finance and wondering whether or not I need to include my parent's income in my application.
Currently, my full time address is with my parent's however I am not supported by them. As of August 1st, my full time address will be at university on a full year tenancy and I will be staying there for the full year. Should I include my parent's income or should I only include my income as I will not live with them at all as of August 1st?

Hi there,

If you are under 25 then we would use your parents information still (unless you had 3 years of self support prior to the very start of your course). Even if you're not living with your parents or financially dependant on them they can still support your application to assess you for the maximum amount. Thanks, Jason

Reply 2

FiftyYards

Original post by SFE Jason

Hi there,
If you are under 25 then we would use your parents information still (unless you had 3 years of self support prior to the very start of your course). Even if you're not living with your parents or financially dependant on them they can still support your application to assess you for the maximum amount. Thanks, Jason

Hi Jason, thanks for the reply.

If I include my parent's income, I will likely only be eligible for the minimum finance which will not be anyway near enough. My parent's are unable to help me with finances. So the amount of finance I am receiving is being judged on something almost completely trivial in my opinion. Is there anyway around this to unlock more maintenance loan for next year?

Ethan

Reply 3

Leah SLC

Official Rep

Hi there. The only way to not use the parental income would be if you have been supporting yourself financially for 3 year prior to the start of your course and provide evidence of this. If this doesn't apply we need to use the parental income to assess the Maintenance Loan if your under 25. Thanks, Leah.