5 uni students! Help 17 February 2019 at 10:40PM in Student MoneySaving 4 replies 2.1K views

mrs_lds

Come this sept our 5 kids will all be at uni!

1 phd, 1 masters and 3 degrees is there any financial help out there for us parents to assist help our spring.

silvercar

Are they all claiming their full student loan entitlement?

The parental income assessment makes a very small allowance for you having other students to support. From memory it knocks about £1000 off your income for each dependent (including students) you have.

There was a blog Martin Lewis wrote about this ages ago; that the government doesn't make much allowance for this and if you have children with small age gaps they could well be at university and requiring support at the same time.

silvercar

Found it! Problem 5 in this article:

https://blog.moneysavingexpert.com/2017/10/warning-parents-2-children-wholl-go-uni-save-now-systems-biased/

Discussion post on it here.

mrs_lds

Thank you sooo muchsilver ar much appreciated.

Emmahope

Thanks for contribution.