£8000 less than what?
Are you saying that your husband earns a maximum of £8000 per annum and your child only receives a partial maintenance loan?
Are you saying that your husband earns a maximum of £8000 per annum and your child only receives a partial maintenance loan?
What sum were they given and what were they expecting?
An income of £8000 per year is equivalent to shim working 2 days per week at National Minimum Wage.
An income of £8000 per year is equivalent to shim working 2 days per week at National Minimum Wage.
Original post by Anonymous
£8000 less than what?
Are you saying that your husband earns a maximum of £8000 per annum and your child only receives a partial maintenance loan?
Are you saying that your husband earns a maximum of £8000 per annum and your child only receives a partial maintenance loan?
He's earning £8000 less a year. From previous years. So daughter when first started she got £9000 for 2 years then when income lowered she's now getting £7000
Remember it is based on the previous year's household incomw, there is a lag.
Contact them -
If your income in the current tax year is likely to be at least 15% lower than the previous tax year, Student Finance England can assess your household income on what you estimate your income will be.
Contact them -
If your income in the current tax year is likely to be at least 15% lower than the previous tax year, Student Finance England can assess your household income on what you estimate your income will be.
There are also other factors that get taken into account, like other student dependents in the household, for example.
Remember it is based on the previous year's household income, there is a lag.
Contact them -
If your income in the current tax year is likely to be at least 15% lower than the previous tax year, Student Finance England can assess your household income on what you estimate your income will be.
Contact them -
If your income in the current tax year is likely to be at least 15% lower than the previous tax year, Student Finance England can assess your household income on what you estimate your income will be.
Original post by Anonymous
There are also other factors that get taken into account, like other student dependents in the household, for example.
Original post by 80 Parent
Thank you but I know that already 😀
The difference between her current and previous loan is £2,000 (or £38 per week for the household, or £12 per person per week if it is a three adult household, or £1.83 per day across the three of you, less if there are other children in the household).
Did you know that if you and your husband worked full time, and your daughter worked part time at 20 hours per week, even at National Minimum Wage (NMW), your household may gross almost £63,000? (a small factor is the age of your daughter for the NMW).
That's almost x8 times the sum of your husband's part time income.
Alternatively that's over 4 times the earned income of your husband combined with your daughter's means tested student loan that she has to pay back.
If you and your husband work a small amount of overtime (5 hours per week each) , and your daughter can manage 25 hours work per week (given that her university vacation alone is usually 12 weeks per year), that may gross £71, 000 for your household as a minimum due to the NMW.
You can get your daughter to speak to the relevant student education organisation about why her student maintenance loan has dipped despite the decrease in household income.
This small household income is driven largely by a single adult working a third of a full time job (at NMW).
You could also encourage her to apply for hardship funding at her University and get a part time job to help with household finances.
If she is 21 and can work 15 hours per week (like her father) she would gross almost the same sum as her maximum student maintenance loan.
It sounds like its her 3rd (and possibly final year of studies if she is studying a typical 3 year degree, although a number of subjects are longer) so would really boost her CV.
Do you mean he earns less than £8000 in total per year despite the recent large increase in the National Minimum Wage from £10. 40 per hour to £11.44?
It's not clear in your post what his current earned income is because you write that he 'took a pay cut so is on less by £8000 a year'.
This gives an impression that his pay dipped by £8,000 so if that's the case, and he had a pay cut, it's not clear what it was previously and what it is now.
For example, was he earning £25,000 and it is now £17,000? Or he is actually earning less than £8k per year, i.e. £150 per week or £22 per day or £7.30 per day for each of you three?
If he is earning less than £8000 per annum, this means that out of a household with 3 adult members, only one of you is working and this 1 person is working a maximum of 2 days per week (at National Minimum Wage).
That would sound like a financial struggle, and particularly if there are more than 3 people in the household.
If you clarify the position, I'm sure the members on this forum will be able to advise how best to resolve this dilemma, such as how to challenge the decision or hardship resources.
It's not clear in your post what his current earned income is because you write that he 'took a pay cut so is on less by £8000 a year'.
This gives an impression that his pay dipped by £8,000 so if that's the case, and he had a pay cut, it's not clear what it was previously and what it is now.
For example, was he earning £25,000 and it is now £17,000? Or he is actually earning less than £8k per year, i.e. £150 per week or £22 per day or £7.30 per day for each of you three?
If he is earning less than £8000 per annum, this means that out of a household with 3 adult members, only one of you is working and this 1 person is working a maximum of 2 days per week (at National Minimum Wage).
That would sound like a financial struggle, and particularly if there are more than 3 people in the household.
If you clarify the position, I'm sure the members on this forum will be able to advise how best to resolve this dilemma, such as how to challenge the decision or hardship resources.
But yes, if he had a substantial pay decrease of £8000, yet her student loan amount was slashed, that does sound wrong, if nothing else changed in the household.
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