I start uni in September 2024. I currently work as a bank healthcare assistant at a local trust and I claim universal credit alongside. I am a lone parent to 2 kids.
I think I have figured out how UC and maintenance loans work, my regarded ML total amount ÷ months studying - £110 = UC monthly entitlement. (Please feel free to correct me if that isnt the case).
I believe that UC deduct £ for £ in regards to the amount of regarded maintenance loan, so if my calculations are correct, I should still receive a small amount of UC.
My question is, If I choose to continue working alongside studying, how would my income affect the amount of UC I am entitled to once the deductions have been after taking MLs into account. Currently, as a non-student, you can earn around about £400, before UC deduct 55p from your overall entitlement, for every £1 earned after this amount.
Does anyone with kids, study and work and claim UC and know how my income from employment would affect my UC. I want to figure out if its financially worth me continuing with work.