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    • MSE Eesha
    • By MSE Eesha 2nd Sep 16, 2:45 PM
    • 101Posts
    • 24Thanks
    MSE Eesha
    How much are parents supposed to give their children when they go to university?
    • #1
    • 2nd Sep 16, 2:45 PM
    How much are parents supposed to give their children when they go to university? 2nd Sep 16 at 2:45 PM
    This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

    Read Martin's "How much are parents supposed to give their children when they go to university?" Blog.

    Please click 'post reply' to discuss below.
Page 2
    • Scattysmum
    • By Scattysmum 27th Sep 16, 2:20 PM
    • 1 Posts
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    Sorry if I have missed this somewhere, but how is the parents' income assessed? Before/After tax? Is savings interest included? what about ISAs?
    We are both in our 60s, in receipt of pensions (my husband State pension), & have low paid part-time jobs, so our incomes are relatively low. Our daughter will be applying for finance this year to start 2017 & we may need to make some decisions dependent on the above. Can anyone help please?
    • Annie1234567
    • By Annie1234567 29th Nov 17, 9:26 AM
    • 1 Posts
    • 0 Thanks
    Lone parents
    Does anyone know how it works for lone parents? I have just discovered that maintenance will stop when my daughter goes to university. Is there any obligation for her father to contribute? And (nightmare scenario) will they take his income into account when calculating loans? If they do, and he doesn't pay, that would mean she couldn't go to university.
    • dtl
    • By dtl 23rd Feb 18, 1:11 PM
    • 11 Posts
    • 2 Thanks
    There are a MASSIVE number of problems with the parental contribution system.

    First, £1,130 is BEFORE TAX, so if you've crept into the higher rate tax band, that means those dependent siblings are meant to be supported on £655 a year!!! Even basic rate tax payers are meant to support those dependent children with less than £760 per year!!!

    Second, by looking at income BEFORE tax it ignores the massive difference in tax paid by different families. A family with only one income (i.e. 40% of all families with children) can easily find themselves paying £4000 more tax without being anywhere near rich. Fundamentally this is because the system hasn't kept up to date with the income tax changes since 2008 which drove the personal allowance up massively and dragged the higher rate threshold lower (and no, it DIDN'T help the poor, it helped couples earning up to £80K between them).

    Third, the level of parental contribution is SO large, it will actually drag many families below one of the most widely used (both by the government and academics) definitions of poverty (i.e. after tax income of less that 60% of the median for a family of the same make up).

    Fourth, if you child happens to be talented in music or dance, the problem gets even worse because the same nonsense is used in calculating the parental contribution to the fees for those specialist schools.
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