Student son contribution

Dell2u

Bit confused how student son will be treated when considering income for bankruptcy application. Though he's waiting on results, he would be eligible for student loan. If he takes this out will he be assumed to be contributing to household bills or paying for own food etc? So my food etc would based on single person?

Dell2u

Does my student sons monthly student loan payment get put as household income on sequestration application. How much will they expect him to contribute to household if hes getting 630 monthly, I get 1500 and household outgoings are @1300? He is 17 and I was going to take @£100/month from him..

Will this need to show on my bank statement.?

Wicked_Lady

Hi there


Surely the student loan is his to spend on his living costs at university? A lot of students find it doesn't cover all their costs anyway and end up trying to get part time work to give them enough to live on.


Good luck with it all.

Dell2u

Yes but if he is living at home, then living costs are some of my bills too, eg food, phone etc.

ToxtethO'Grady

Hi there

It would need to be shown as income and a contribution from any other adults in the household is often expected. You should check what your son will receive over the year and divide it by 12 even though he will only get it for 9 months. As long as he is contributing something it's usually OK. If his contribution is very small compared to the bills it could be questioned based on his monthly loan amount.

£100 a month sounds reasonable but he would be expected to pay for certain things himself; such as his mobile, transport to university, any socialising, his smoking, if he does smoke, and his course requirements.

Put together a household budget, some of the free debt advice agencies can help with that, show your son's contribution as income and try to take out all the things he would pay for himself.

Hope this helps.

silvercar

Are 17 year olds considered adults?

peterkay369

silvercar wrote: »

Are 17 year olds considered adults?

Curious to know this too. I would have thought that someone aged under 18, particularly in full time education, would not be classed as an adult in this situation.

I also wouldn't have thought that a student loan is classed as income either?

TheGardener

Wasn't aware that OR considered students and under 18's paying towards their board should be considered income by the OR?

Lokolo

silvercar wrote: »

Are 17 year olds considered adults?

Chances are they will be 18 when they go to university and gets their student loan.

The final year of school is when they turn 18 (which is til end of August)

Unless the student has skipped a year at school.

ToxtethO'Grady

If the OP receive child benefit he's classed as a child still but if there is no child benefit (usually university stops it) then the young person is classed as an adult.

ToxtethO'Grady

The OR would want to see a contribution and this has to be reflected in the income if paid to the OP - it can be quite small just to show that something is being paid towards the bills when another person who is classed as an adult is in the household.

It depends on the OR but even if it's £10 a week or something it shows a contribution. It's how IPAs sometimes get quite high as the OR says the other adults should cover some of the costs of the household even if they are on benefits.