Your nephew should be careful as pupil finance can request a reimbursement regarding the money.
Hi we have twins about to head to uni this september. Whilst, i’m lucky with having a top earnings, unfortuitously with property losings (no household) and 2 other young ones, needing to top within the maintenance grant for 2 young ones at exactly the same time is likely to be actually tough– 1 is ok- exist any mechanisms to just take this into consideration to their maintenance evaluation? Many thanks
Hi Andrew, you have exposed a serious problem with the pupil finance system. When you yourself have one or more kid the adjustment when it comes to household income is just ?1130 per year.
What this means is they take that much off your home earnings to account fully for you having one or more kid at uni. It’s not enough though. The machine is broken but unfortuitously there is small you could do about this i am afraid.
Thanks for advising. We agree, the adjustment appears to be totally ineffective, regrettably the consequence meaning the pot of funds must be split between two, so they really will have dramatically paid off money.
I will be a mum. As soon as we make an application for a upkeep loan, can we borrow les than whatever they offer when I like to add myself in order to avoid a financial obligation st the conclusion. Many Thanks
Hi Karen, i really believe this really is feasible you shall need certainly to communicate with pupil finance. I’d like to provide my advice right here and would generally suggest that that you do not repeat this. Understand that your son/daughter may never pay off their complete loan (unless they are a top receiving graduate). Which means you could find yourself foregoing cash that may not have become repaid anyway. Continue reading