At what levels does income affect student LOAN amount??

Autumn86

I currently get student finance.

Have it on a £0 household income basis, and so my payment breakdown sheet shows the following-

Maintenance Grant= £3,250
+
Maintenance Loan not based on income= £3,575
Plus Maintenance Loan based on income= £2,672
Minus loan replacement with grant= £1,625
Equals loan available to you= £4,622

The total amount we will pay to you= £7,872



But my question is that if my income was given as £400 per month (£4,800 per year) would i lose any money from either the loan or grant??

If so by how much?

And where can i find an online calculator that i can adjust to see how itd affect me?


As i cannot find anything that clearly states how the ''plus loan based on household income'' is workedout.

Dunroamin

Are you assessed as an independent student?

Lokolo

http://www.studentfinance.direct.gov.uk/portal/page?_pageid=153,4680136&_dad=portal&_schema=PORTAL

Autumn86

Dunroamin wrote: »

Are you assessed as an independent student?

Yes am an independent student.

Autumn86

Lokolo wrote: »

http://www.studentfinance.direct.gov.uk/portal/page?_pageid=153,4680136&_dad=portal&_schema=PORTAL

Yeah ive used that calculator already, however that doesn't specify how my loan amount would be affected if i had that monthly income added onto my file.

Dunroamin

If you're a single, independent student with an income of £4,800 pa then this won't have any affect on your loan/grant.

For further information:

http://www.slc.co.uk/media/420609/how_you_are_assessed_and_paid.pdf