student maintenance/ finance does it matter how much i have in my savings
hi i’m going to apply for student finance soon and was wondering if anyone whose applied before could help me. Just wanted to know if my savings affect how much maintenance loan I receive
Reply 1
20
Original post
by sophheuwufuehi i’m going to apply for student finance soon and was wondering if anyone whose applied before could help me. Just wanted to know if my savings affect how much maintenance loan I receive
You will need to declare the interest you receive on your savings.
Reply 2
Original post
by normawYou will need to declare the interest you receive on your savings.
Even if it is only pence? i.e. less than a pound per month?
Reply 3
20
Original post
by jakie-boyyEven if it is only pence? i.e. less than a pound per month?
Yes you have to declare unearned income, which includes interest. If it is such a low amount it won't have much of an impact on your loan.
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