Housing Benefit - What Counts As Income?

Oldernotwiser

John38 wrote: »

Right. It seems the £1000 bursary is classed as income, but disregarded as long as it is used for a one off cost, or used on an on-going basis (but not for basic living costs).

His applicable amount (Income Support) is £144.65. His only 'deductable' income is the Maintainance Loan of £4950. £693 is disregarded for books and travel. The remaining amount is divided into 43 weeks and leaves a weekly income of £99. Of that £99, £10 a week is automatically disregarded, leaving a final weekly income of £89.

Applicable amount (£144.65) minus weekly income (£89) leaves £55.65.

So his income for studying will be:

Income Support: £55.65 Per Week (£144.65 In Summer Holidays)
Special Support Grant: £55.88 Per Week
Maintainance Loan: £95.19 Per Week
Disability Living Allowance: £65 Per Week
University Bursary: £19.23 Per Week
Housing Benefit: £65.55 (Full Rate) Per Week.

Total: £356.50 Per Week (Term Time)
£445.50 Per Week (Summer Holidays)

Annually: £19,339

WOW! Maybe he wont need any ALF after all!

Which is what I said in post#2!

(And that £19,000 is net income, equivalent to about £25,000 gross.)

John38_2

Blackpool_Saver wrote: »

It's all fine while you are there, but then you are left with lots to pay back..............

Yeah, he'll be leaving with £25,000 of student loans to pay back. To be fair, I don't think he's too worried because the rules around re-paying them are very fair. £15k a year before you start paying back a penny, and if he never ends up working because of disability, they'll be written off eventually. He'd be a lot more worried if he had debt collectors demanding £25k on his doorstep the day after he graduates !

ONW, yes, he'd have to earn approx £25,500 to even dream of getting that sort of net income. It's certainly a generous financial package. The irony is that if he gets a graduate job, he's unlikely to be starting on anything near £25k, so I doubt he'll want to leave uni lol!

From what I can tell, Disabled Students Allowance will still pay for the computer equipment he needs, as well as any extra support he has to have, without him having to dip into the £19k he gets. Definately not bad.

I hope for my friends sake that David Cameron isn't reading the thread lol. Thanks for your help guys!

Indie_Kid

John38 wrote: »

From what I can tell, Disabled Students Allowance will still pay for the computer equipment he needs, as well as any extra support he has to have, without him having to dip into the £19k he gets. Definately not bad.

This is true. DSA is non-repayable and non-income assessed.

welshmoneylover

John38 wrote: »

Yeah, he'll be leaving with £25,000 of student loans to pay back. To be fair, I don't think he's too worried because the rules around re-paying them are very fair. £15k a year before you start paying back a penny, and if he never ends up working because of disability, they'll be written off eventually. He'd be a lot more worried if he had debt collectors demanding £25k on his doorstep the day after he graduates !

I hope for my friends sake that David Cameron isn't reading the thread lol. Thanks for your help guys!

Why is your friend insisting on going to uni to get a degree that he isn't intending to use to find employment afterwards.

He will receive an astonishing amount of money, surely that money would be better spent funding another student who desperately wants to go to uni, but is restrained by finances?

ash4becks

welshmoneylover wrote: »

Why is your friend insisting on going to uni to get a degree that he isn't intending to use to find employment afterwards.

He will receive an astonishing amount of money, surely that money would be better spent funding another student who desperately wants to go to uni, but is restrained by finances?

if his health inproves then it could be used stop being so jugmental

welshmoneylover

ash4becks wrote: »

if his health inproves then it could be used stop being so jugmental

Ahh, I see and it is improves and judgemental :beer:

Please be aware the OP state he is not too bothered about paying loans back as his disability might mean he will never work.

I hope Mr Cameron does read threads like these!

ash4becks

welshmoneylover wrote: »

Ahh, I see and it is improves and judgemental :beer:

Please be aware the OP state he is not too bothered about paying loans back as his disability might mean he will never work.

I hope Mr Cameron does read threads like these!

i have student loan i havent payed back either but i fully intend to if i can work in the future but depends on my mental and physical health, have you not thought that he just might want to look at four walls allday and get out and meet people of the same age and to feel that age than just someone with a disability, and you never no this might help with menatl health to show they can do something with there lifes and atm in the present climate do you really see someone not pay back anything and not working till the day they get there pension i very much doubt it

welshmoneylover

ash4becks wrote: »

i have student loan i havent payed back either but i fully intend to if i can work in the future but depends on my mental and physical health, have you not thought that he just might want to look at four walls allday and get out and meet people of the same age and to feel that age than just someone with a disability, and you never no this might help with menatl health to show they can do something with there lifes and atm in the present climate do you really see someone not pay back anything and not working till the day they get there pension i very much doubt it

I would love to comment but, alas, your punctuation and spelling is so awful I do not understand what it is you are trying to say!

Oldernotwiser

ash4becks wrote: »

have you not thought that he just might want to look at four walls allday and get out and meet people of the same age

I'm sure that there must be cheaper ways of doing this than the cost of 19,000 (plus 8,000 fees not covered by loans) pa! You can buy quite a lot of friends for over 80,000.

Hopefully this guy has more serious intentions than this.

krisskross

How can someone on all those benefits which presumably preclude him from any sort of work cope with a full on University course?

Unless we have been told lies all this time and University is an absolute doddle.

Be interesting to know what he plans to study.