Student Finance Household Income?
I’m confused as when I have applied for previous years of funding, I’m sure that it said NOT to include money earned from my own part time work, etc. so I don’t get why the calculator says to include it.
I’m going to be applying for a PGCE if that matters at all. Thank you!
EDIT: additional question, I’ll be living with my boyfriend’s parents this year whilst I study, but I’ve read that it’s still based on my own parents household income (as i’m under 25). Does this count as living away from home since I’m not with my own parents? Or since I’m not paying any rent to my boyfriend’s parents, should I put that I am living at home?
In either case only UNEARNED income from the student (trust funds, rent from property, interest on investments/savings) is considered as part of the household income assessment. Earned income from working isn’t included.
Reply 2
•
Bank or Building Society Gross Interest
•
Property Lettings or Rent
•
Dividends from investments/shares/unit trusts
•
Trusts or Sponsorships
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Pensions (any tax free lump sum amount will not be taken into account)
•
Payment from yourr employer who has released you to attend your course (employer release)
•
Any other payment received for attending the course (This does not include university bursaries)
Thanks, Stephen.
Reply 3
•
Bank or Building Society Gross Interest
•
Property Lettings or Rent
•
Dividends from investments/shares/unit trusts
•
Trusts or Sponsorships
•
Pensions (any tax free lump sum amount will not be taken into account)
•
Payment from yourr employer who has released you to attend your course (employer release)
•
Any other payment received for attending the course (This does not include university bursaries)
Thanks, Stephen.
Hi Stephen,
That’s really helpful, thank you! In terms of my living arrangements, would it be classed as living at home or living away from home? I’m not with my mum but my boyfriend’s parents don’t charge us rent etc.
Thank you!
Reply 4
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