Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • doodah
    • By doodah 24th Jan 19, 6:49 PM
    • 450Posts
    • 328Thanks
    doodah
    Maintenance loan - disclosing income
    • #1
    • 24th Jan 19, 6:49 PM
    Maintenance loan - disclosing income 24th Jan 19 at 6:49 PM
    Hi all. My stepson has been told at school, that if we choose not to disclose our income when he applies for the maintenance loan he will get 75%. Does anyone know if that's true?!
    31/12/2006 8395, 01/10/2008 5089.73, 19/10/2010 835.00 31/03/2011 0.00
    Pigsback = 9.35 (30 claimed), Quidco = 128.24 claimed
    Official DFW Nerd No. 264

    Debt-free and Proud!
Page 1
    • Ed-1
    • By Ed-1 24th Jan 19, 7:07 PM
    • 2,546 Posts
    • 1,340 Thanks
    Ed-1
    • #2
    • 24th Jan 19, 7:07 PM
    • #2
    • 24th Jan 19, 7:07 PM
    Hi all. My stepson has been told at school, that if we choose not to disclose our income when he applies for the maintenance loan he will get 75%. Does anyone know if that's true?!
    Originally posted by doodah
    No. The non-means tested maintenance loan now varies depending on where you live during study:

    See page 3 for the 17/18 amount (e.g. if student living in parental home during study, non-means tested amount was 3,124 out of 7,097):

    https://www.practitioners.slc.co.uk/media/1158/201718-financial-memorandum.pdf

    See page 3 for the 18/19 amount (e.g. if student living in parental home during study, non-means tested amount was 3,224 out of 7,324):

    https://www.practitioners.slc.co.uk/media/1609/financial-memorandum-for-201819-131217.pdf
    • silvercar
    • By silvercar 24th Jan 19, 8:39 PM
    • 38,874 Posts
    • 162,327 Thanks
    silvercar
    • #3
    • 24th Jan 19, 8:39 PM
    • #3
    • 24th Jan 19, 8:39 PM
    This article from the student loan company suggests the figure is 72%:

    http://media.slc.co.uk/sfe/1819/ft/sfe_how_you_are_assessed_and_paid_guide_1819_o.pdf
    • Ed-1
    • By Ed-1 24th Jan 19, 8:45 PM
    • 2,546 Posts
    • 1,340 Thanks
    Ed-1
    • #4
    • 24th Jan 19, 8:45 PM
    • #4
    • 24th Jan 19, 8:45 PM
    This article from the student loan company suggests the figure is 72%:

    http://media.slc.co.uk/sfe/1819/ft/sfe_how_you_are_assessed_and_paid_guide_1819_o.pdf
    Originally posted by silvercar
    For courses that started between 1 September 2009 and 31 August 2012 it's 72%.

    If your parents don’t give these details, you may get the full Tuition Fee Loan but only:
    • 65% of the Maintenance Loan if you started your course between 1 September 2012 and 31 July 2016, and
    • 72% if you started your course between 1 September 2009 and 31 August 2012.
    For courses starting on or after 1 August 2016 the basic rate of Maintenance Loan you can get is based on where you live and study
    • silvercar
    • By silvercar 25th Jan 19, 9:28 AM
    • 38,874 Posts
    • 162,327 Thanks
    silvercar
    • #5
    • 25th Jan 19, 9:28 AM
    • #5
    • 25th Jan 19, 9:28 AM
    For courses starting on or after 1 August 2016 the basic rate of Maintenance Loan you can get is based on where you live and study
    by Ed-1
    Section 3 of the document I linked to gives the figures.

    If parents don't provide figures then you only get the same as those with high earning parents.

    From the table in that document the percentages work out as:
    a) living away from home and studying outside London 60.6%
    b) living away from home and studying in London 69.8%
    c) living with parents 53.1%

    This is because the exact amount lost is 3,168 in all cases. This works out to be a different percentage of the "full" loan/grant due to the differing amounts.
    • Igol
    • By Igol 29th Jan 19, 8:26 AM
    • 431 Posts
    • 150 Thanks
    Igol
    • #6
    • 29th Jan 19, 8:26 AM
    • #6
    • 29th Jan 19, 8:26 AM
    Are savings included in the calculation or is it purely the figure that HMRC believe the household has earned that year?
    • Ed-1
    • By Ed-1 29th Jan 19, 8:33 AM
    • 2,546 Posts
    • 1,340 Thanks
    Ed-1
    • #7
    • 29th Jan 19, 8:33 AM
    • #7
    • 29th Jan 19, 8:33 AM
    Are savings included in the calculation or is it purely the figure that HMRC believe the household has earned that year?
    Originally posted by Igol
    Savings interest is (as unearned income).
    • Igol
    • By Igol 29th Jan 19, 10:14 AM
    • 431 Posts
    • 150 Thanks
    Igol
    • #8
    • 29th Jan 19, 10:14 AM
    • #8
    • 29th Jan 19, 10:14 AM
    So if its in an ISA it wouldn't be included?
    • Ed-1
    • By Ed-1 29th Jan 19, 10:21 AM
    • 2,546 Posts
    • 1,340 Thanks
    Ed-1
    • #9
    • 29th Jan 19, 10:21 AM
    • #9
    • 29th Jan 19, 10:21 AM
    So if its in an ISA it wouldn't be included?
    Originally posted by Igol
    Correct...
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,997Posts Today

5,299Users online

Martin's Twitter
  • Have a great Easter, or a chag sameach to those like me attending Passover seder tomorrow. I?m taking all of next? https://t.co/qrAFTIpqWl

  • RT @rowlyc1980: A whopping 18 days off work for only 9 days leave! I?ll have a bit of that please......thanks @MartinSLewis for your crafty?

  • RT @dinokyp: That feeling when you realise that you have 18 days of work and only used 9 days of your annual leave! Thanks @MartinSLewis h?

  • Follow Martin