Household Income Assessment
If you’re applying for any means-tested student finance this year, such as Maintenance Loans or a Childcare Grant then this may be of interest to you.
As part of the student loan application process we will ask for the income of your parents or partner from the prior tax year (2019-2020 for courses starting in academic year 2021-22) to work out how much student finance you are entitled to.
However, we understand your household income might have changed significantly since then. This could be due to issues related to the COVID situation or if your parent(s) or your partner have retired, reduced their hours of employment or got a different job etc.
If your household income is expected to drop by 15% or more compared to the 2019-20 tax year, your parents or partner can ask us to work out how much student finance you can get based on their estimated income for the current tax year instead.
If we are able to reassess you based on a lower household income level then you may be entitled to receive additional Maintenance Loan, higher proportion of Grant if you are a Welsh student, or other support which is linked to household income.
Our online guides and information will let you know more about this process and tell you how to apply for a Current Year Income reassessment if necessary.