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Student loan - household income increase
Nish60
Posts: 2 Newbie
Hi, my son is in his final year at Uni and is receiving his maintenance loan. Our household income may increase by around 10-15% due to a potential increase in my earnings. Do we have to declare this? Would it mean he has to pay back some of this year’s maintenance loan somehow?
I can see lots of information about what to do if your income reduces by more than 15% (current year income assessment etc) but nothing specific about if it increases.
thank you
thank you
0
Comments
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No, his loan is based on last years income.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1
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