Student Finance - help with a Current Year Assessment Form

aylesby

This is one for the more knowledgeable.
We have two children receiving student finance. After completing the online 2011/12 parental income information I wanted to make an adjustment as I have now been unemployed for a year. Essentially I want my earnings in tax year 2011/12 to replace 2010/11.
I submitted a Current Year Assessment Form for academic year 2011/12 because our parental income has fallen by 50%. I sent this form by post to Darlington in May and it should only effect academic year 2012/13.
How do I know if this amendment has been actioned as I have had no acknowledgement of receipt?

Taiko

I'm afraid it won't be. A CYI assessment for the 12/13 academic year would be based on estimates for the 12/13 tax year. They would ask you to estimate income between April 12 and March 13.

I imagine they will contact you with the correct paperwork, failing that I'm not sure if the 12/13 AY form is on the website. Feeling it may be, but I cannot check right now.

aylesby

As neither student is in their first year their SF for 2012/13 is ordinarily based on parental income 2010/2011. In that year parental income is high.

I have now downloaded and completed a CYI assessment form for academic year 2012/13.

Looks like I have incorrectly submitted a CYI assessment form for 2011/12 being the only one available online back in May.

Thanks for pointing me in the right direction.

Taiko

http://www.direct.gov.uk/prod_consum_dg/groups/dg_digitalassets/@dg/@en/documents/digitalasset/dg_201709.pdf

That's the 12/13 form.

Suziebea

Another question about Current Year Assessment for 12/13

In September I am starting a PGCE, and have had my Student Loan details for the year. DS1 will be starting his third year of his degree, and he is awaiting his loan details.

As I will be a student, and not working after August, our household income will be reduced, so can we asked for a Current Year Assessment. (He already had one in 2010/11, after I had been made redundant.)

Hope you are able to give me some advice. Thanks.

aylesby

As there is no instruction to return the 2012/13 form.
Is it OK to send to -
Student Finance England
PO Box 210
Darlington
DL1 9HJ

New_York_No1_fan

aylesby wrote: »

As there is no instruction to return the 2012/13 form.
Is it OK to send to -
Student Finance England
PO Box 210
Darlington
DL1 9HJ

Yes, this is correct.
Its worth sending recorded delivery as then you can track the letter and you know exactly when they receive it. Gives piece of mind to know that they are dealing with it, albeit think it takes about 2 weeks before they actually action it.

mountainofdebt

Hi

Does this mean then that if a household's income is going to be significantly less than 2010/11 tax year then they should fill in the form mentioned above?

aylesby

mountainofdebt


If your household income has dropped since 2010-11

Student finance applications for 2012/13 are assessed on household income for the 2010-11 tax year.

If your household income has dropped by at least 15% you can give your most up-to-date financial information by completing a 'Current year income assessment form’ (CYI form).

mountainofdebt

aylesby wrote: »

mountainofdebt


If your household income has dropped since 2010-11

Student finance applications for 2012/13 are assessed on household income for the 2010-11 tax year.

If your household income has dropped by at least 15% you can give your most up-to-date financial information by completing a 'Current year income assessment form’ (CYI form).

Thanks Aylesbury......apparently Student Finance told us that the current year income couldn't be taken into consideration even though the drop in income would qualify us.

If in doubt refer to MSE!

aylesby

Just an update to show how the FSS make this a hard route to follow. This journey began in mid May.

By 01.08.12 one daughter is to receive a maintenance grant but the other does not and is being offered £1.7k less. So it's time to print the forms again and send it in with another covering letter.

The only way to spot this is for the girls to compare their offer letters with each other and their own previous years offer to see if the offers look understandable,

CYA can be made to work but you have to keep on top of it.