Does this sound right (funding)

mummytofour

My dh will be leaving work on 31st July at which point we will be putting in an application for IS as we have a disabled child.
I am currently filling in PN1 form as I will be going to uni and dh will be going to college in Sep student finance asking for dh income for the last tax year, I have been told I need to give student finance this and when dh stops working put in another application for re-assessment of the finance situation?
I am really worried that this will delay my funding coming in, in oct and I have a mortgage to pay!
As the PN1 is supposed to be based on the academic year i can see why they are being difficult about this??????

Any way does this all sound correct?

Gemmzie

The PN1 form for university is based on the previous years income so they aren't being difficult.

Once you get the yes it's sorted letter (over the summer), then you need a form for change of circumstances and they'll reassess it on this year's income.

There might be a wait for the new amount come October, so I'd suggest speaking to the uni about whether there's any interim loans available to you

roxalana

You need to call your LEA and ask for a current income form so you can have a current income assessment. The form isn't available on the web.

You then estimate what your income is likely to be for the coming year and the assessment is based on these estimates. At the end of the year your have to send in evidence of your actual income and the assessment is adjusted.

You have to show that your estimated income is 85% or less of the income for the tax year ended April 08, but you are best to overestimate rather than undersestimate the income to come so you don't end up being overpaid.

NB you don't have to wait for an initial assessment to do this.

kr15snw

You need to fill out the PN1 but write a letter explaining how your income is going to change. They will then write to you to do a predicted income assesment and will then ask you for proof after the year.

My mum stopped working (due to back injury) about 1 month before I applied for uni finance so I was scared Id get nothing (joint p60s showed good income). But after doing this I got full financial help