Household Income Student Finance Wales

If your household income is 18 370 or less you ll get the maximum grant of 6 885 and a loan of up to 10 604.

Household income student finance wales. Your household income is your parents or partner s income plus yours. Household income gross disposable household income gdhi is an estimate of the amount of money that households have available for consumption expenditure or saving. Wales or northern ireland. All students must complete sections 1 2 and 4.

But if your household income is expected to drop by 15 or more compared to the 2018 19 tax year you can ask us to calculate their student finance based on your. If your child or partner is applying for student finance this year we normally use your household income from the 2018 19 tax year to work out how much student finance they can get. The maintenance loan is partially income assessed. Applying for student finance based on household income form 2019 to 2020.

Students from homes with lower household income may be eligible for a grant of up to 10 124 if studying in london or up to 8 100 if studying in the rest of the uk. Students in the lowest band of income 18 370 and below will receive the maximum grant with the amount gradually decreasing as your household income increases. If your household income is below 25 000 you will be eligible for the maximum amount of maintenance loan 12 010. Head over to the student finance wales website for full details on how much you could be entitled to.

It is made up of two components primary incomes income from earnings and property income and secondary incomes income from taxes and benefits. Change your application using a paper form. If your household income has dropped by 15 or more since the last tax year you can complete a current year income. Applying for student finance based on household income form 2020 to 2021.

For students studying in london and living away from home. The student finance income assessment which elements of student finance are income assessed. Your result will be more accurate if you know your annual household income your parents or partner s income plus your own. Here are two examples from opposite ends of the spectrum.

If your household income exceeds 50 020 you won t be eligible for a grant. The size of the grant you get depends on your household income the remainder of the 17 489 will consist of a postgraduate loan from student finance wales. Student finance calculator. Only complete section 3 if you.

This grant does not have to be paid back. You ll need to provide your household income for tax year.