Finances

Bethanboo2009

I am looking to study nursing in 2025 just wondering how they work out my household income at the moment I’m currently working full time but when I attend I will be finishing work and living off husbands wages. He earns 37k a year and just about covers all our bills etc. does the student loan just go off the household income at that time? And has anyone else been accepted something on a 37k income. SFW will not let me know what I will get if anything 😭😭 so stressful

Reply 1

normaw

Volunteer Section Leader, Clearing and Applications Advisor

19

Original post by Bethanboo2009

I am looking to study nursing in 2025 just wondering how they work out my household income at the moment I’m currently working full time but when I attend I will be finishing work and living off husbands wages. He earns 37k a year and just about covers all our bills etc. does the student loan just go off the household income at that time? And has anyone else been accepted something on a 37k income. SFW will not let me know what I will get if anything 😭😭 so stressful

Household income is usually based on earnings for the previous tax year. So (from my calcs) income from the 2023/24 tax year would be used when you apply for finance in 2025/26. However, if your household income has reduced since then, you can apply to submit a Current Year Income assessment.

https://www.studentfinancewales.co.uk/current-year-income/

However, as you want to study nursing, you would be eligible to apply for the NHS Wales bursary if you study at a uni in Wales.

NHS bursary is split into three parts: the tuition fees (up to £9250), the grant (£1000) and the means tested element. The full means tested element is £2643 for a year that covers 30 weeks of the course. If you course runs longer than this, then you receive £84 for every additional week.

NHS Wales.png

There is a proposal at the moment (yet to be agreed by the Welsh government) to give Welsh students eligible for the bursary the full maintenance loan. For the 24/25 academic year, that would be around £10,720.

https://heiw.nhs.wales/education-and-training/undergraduate-education-for-health-professionals/nhs-bursary/

(edited 11 months ago)

Reply 2

Bethanboo2009

OP

6

Hiya thank you so much for this. I can’t believe they work the student finance off your current tax year when most students will be giving up work to study that’s really unfair isn’t it? So for me I work full time and will still be when I apply for the student finance but then once I start I won’t have an income is this something I need to say when I apply?

Reply 3

normaw

Volunteer Section Leader, Clearing and Applications Advisor

19

Original post by Bethanboo2009

Hiya thank you so much for this. I can’t believe they work the student finance off your current tax year when most students will be giving up work to study that’s really unfair isn’t it? So for me I work full time and will still be when I apply for the student finance but then once I start I won’t have an income is this something I need to say when I apply?

You have to submit your application with the normal tax year required first, and then submit the form as stated on the studentfinancewales link I gave above.

Reply 4

Bethanboo2009

OP

6

Ok so would it go on my totally income and husbands total income for the last year submit that and then come the change in income form after is that right and just but hubbys income down? Is this something that I would likely get approved in regards to the change and then would they just look at husband annual income. Also I have just got on the bank to do some extra shifts to help with some savings would it be more helpful support wise to go on the bank full time now and finish work as it’s a 0 hour contract so would I just complete husbands income for this tax year

Reply 5

normaw

Volunteer Section Leader, Clearing and Applications Advisor

19

Original post by Bethanboo2009

Ok so would it go on my totally income and husbands total income for the last year submit that and then come the change in income form after is that right and just but hubbys income down? Is this something that I would likely get approved in regards to the change and then would they just look at husband annual income. Also I have just got on the bank to do some extra shifts to help with some savings would it be more helpful support wise to go on the bank full time now and finish work as it’s a 0 hour contract so would I just complete husbands income for this tax year

Even if you work on a 0 hours contract, you still have to declare your earnings. On the form you would need to put in your earnings from April to Aug/Sep (when you stop working) and your partner's income. In reality, if the proposal to allow Welsh domiciled NHS bursary students to access the full maintenance loan is approved by the Welsh government, you won't need to worry about this. The only part of your finance that would be based on income is the means tested element of the bursary, which is a relatively small amount anyway.

Reply 6

Bethanboo2009

OP

6

Ok perfect thank you so much. Fingers crossed they accept the proposal. Could I get the full amount of the loan or choose what I feel I need? Also if for example they don’t accept the proposal would I be better going down the student finance wales route instead of bursary or am I in the same predicament x

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