Parent bit student loan form

rosie56

Filling in student loan form for 08/09 and not sure about bit where parents put their income - one parent just retired so low income and our 'child' should be eligible for a maintenance grant. However, do we have to show the relatively small lump sum given on retirement? Is this taken into account in supporting the student - if so this is worrying because we will need it in retirement which is the point in having it. At present it is in savings account until we decide what to do with it, but we dont consider it as savings that we can use at present.

Lokolo

Its income, there for it should be counted. However as long as you don't get this every year then you will be ok in future years.

Alleycat

I've heard the dog ate my homework excuse but parent eats student loan application form??

Sorry scanning the boards and saw the thread title!

laurenzo99

yes it will be counted as income. Does it show on your 07-08 p60?

rosie56

Good observation of thread title. Didn'd occur to me - will be glad to see the back of the forms though.

Havent got P60 yet but that should help. Someone since has told me they think income is the interest from savings.

Thanks for helpful comments.

roxalana

I think checking the P60 will help. You will have to declare interest earned on the lump sum though cos that is definitely counted as income. Though depending on when you got the money that might not count on this years form.

tripleh_2

How about dla would that have to be counted?

roxalana

I don't think that is counted because I don't think it is a taxable benefit but I would list it anyway (if you have no other income the LEA would need to know but not count it) - make sure you state it is DLA though because if you just put 'benefits' then it will automatically be included as some benefits are counted.