Student finance query
I'm looking into applying for student finance for 25/26 at the moment. My mum is currently on the verge of losing her job but may be back in work within the next few months or at least by the time I start uni. Would this affect my student finance. Say I applied after she's lost her job and I'm on one parents income and then she gets a job before I go to uni. Would I have to reapply or would they change the amount of maintenance loan I'm getting?
Reply 1
Hi there, we would ask you to apply under the standard application process, as we will be using the last finalised tax year information to assess the application (23/24). Once complete, and your award letter issued, if there has been a drop in the household income by 15% or more, then your sponsors (parents) can provide us with a Current Year income to allow for the reassessment of the application based on the estimated income for this current tax year, which will allow us to review the application again with the lower figures. Thanks, Stephen.
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