Student applying for credit card - is student loan classed as annual income?

easy

Our son is a second year student paramedic,  and wanting to begin building a credit history so that when he applies for a mortgage the spade work will have been done, he's planning to buy a property in 2 to 3 years after graduation if at all possible.
We have talked about him having a credit card,  and he fully understands the implications.  He wants a credit card to buy petrol and groceries,  but will pay it off in full each month.   He banks with NatWest,  who no longer offer student credit cards.

During term time he lioves in a shared house in his uni city - paying rent of course,  but comes home during holidays. He has a full student loan,  plus NHS bursary, and has paid employment during uni holidays. 
He regards our address as his permanent residence  (no negative credit issues here), all his correspondence comes here, his car is registered at this address, as is his bank account. So in his application,  he plans to give this as his address -  but he will also inform that he is paying £100 p/w rent. 
I'm not sure what income he should declare tho.   Obviously his NHS bursary and his earnings from work are to be included,  but is it correct to include his student loan into his annual income? 

We recognise that he will only get a high % card,  but that isn't an issue.  We just want to make sure he gets the best chance at his application being successful. 
Thanks in advance 

[Deleted User]

Ask the lenders, don't ask anonymous people on a web forum
A student loan might be seen as income to some, or as debt to others

jbrassy

Student loan payments most likely will be classed as income. 

As for credit cards, he's best off applying for sub-prime cards such as Capital One or Vanquis:
https://www.moneysavingexpert.com/credit-cards/bad-credit-credit-cards/

I'm intrigued to know where in the UK one can afford to buy a house 2-3 years after leaving uni. How much do paramedics get paid?

MalMonroe

The information in the link below, article updated by Martin on 4 Jan this year, may be very helpful. Numbers 11 and 12 in particular.

https://www.moneysavingexpert.com/students/student-loans-tuition-fees-changes/

easy

Deleted_User said:

Ask the lenders, don't ask anonymous people on a web forum
A student loan might be seen as income to some, or as debt to others

Go on then,  tell me how we go about asking Capital one that question?   
I asked here first because I thought someone else might have already found out ...  isn't that the point of the forum?

easy

jbrassy said:

Student loan payments most likely will be classed as income. 

As for credit cards, he's best off applying for sub-prime cards such as Capital One or Vanquis:
https://www.moneysavingexpert.com/credit-cards/bad-credit-credit-cards/

I'm intrigued to know where in the UK one can afford to buy a house 2-3 years after leaving uni. How much do paramedics get paid?

Yes I have already checked which cards to apply for as a credit builder,  either of those will do.

easy

MalMonroe said:

The information in the link below, article updated by Martin on 4 Jan this year, may be very helpful. Numbers 11 and 12 in particular.

https://www.moneysavingexpert.com/students/student-loans-tuition-fees-changes/

Thanks for the link Mal.  
I notice that in point 18 it says  "I'd define a student's income as the student loan, any grant, any income from working and any money given by parents or relatives ",  so we will go with that.

[Deleted User]

easy said:

Deleted_User said:

Ask the lenders, don't ask anonymous people on a web forum
A student loan might be seen as income to some, or as debt to others

Go on then,  tell me how we go about asking Capital one that question?   
I asked here first because I thought someone else might have already found out ...  isn't that the point of the forum?

Capital One Contact Us page

People can say any old nonsense on a forum. Plenty of people ask questions where they're looking only for the answer they want to hear, regardless of validity of said answer. Just like:

easy said:

MalMonroe said:

The information in the link below, article updated by Martin on 4 Jan this year, may be very helpful. Numbers 11 and 12 in particular.

https://www.moneysavingexpert.com/students/student-loans-tuition-fees-changes/

Thanks for the link Mal.  
I notice that in point 18 it says  "I'd define a student's income as the student loan, any grant, any income from working and any money given by parents or relatives ",  so we will go with that.

So you're going to go with the opinion of someone on a website coming out with a blanket assumption over speaking to the lender? Declaring income that you might not have (based on the lender's rules) is fraud. You want to start your kid off by being responsible but at the same time opening up the chance of a CIFAS marker for the next 6 years? Odd definition of responsible in my opinion

easy

Deleted_User said:

 Odd definition of responsible in my opinion

I hope you feel better after having a go at me.

As far as I'm concerned you are one of those "anonymous people on a web forum" (your words),  but one who seems to take joy in being curt,  even rude.

Your opinion of me is of no consequence by the way.