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Parental Income Increasing
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fred246
Posts: 3,620 Forumite
If you fill in a CYI (current years income) assessment, Student Loans ask you for confirmation your income at the end of the year and if your income has gone up they will recover money accordingly. What happens if your income goes up and you haven't filled in a CYI? Does that matter?
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Comments
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If you've not filled in a CYI they just use your income with the normal 2 year lag. So 2017/18 income would be used for acedemic year 2019/20, and 2018/19 income would be used for ac year 2020/21 etc.
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So the actual income for the year is irrelevant unless you have filled in a CYI? If you earn £200k in 20-21 the student keeps the maximum loan if the income was £20k in 18-19?0
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Correct. Obviously it'll become relevant if the student is still a student in 22-23.
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