Student finance guide for parents and partners

Student finance information for fogeys and companions

You may want to provide Student Finance England details about your revenue in case your youngster or companion has utilized for student finance that’s primarily based in your family revenue.

You’ll be requested for monetary particulars for the final full tax 12 months earlier to the beginning of the tutorial 12 months. For instance, if the student is making use of for the 2021/22 tutorial 12 months, the tax 12 months shall be 2019/20. Student Finance England will ask for particulars of the earlier tax 12 months as a result of that is the latest full tax 12 months on the time purposes open.

Your data shall be used to work out in case your youngster or companion can get additional Maintenance Loan on high of the Tuition Fee Loan and fundamental Maintenance Loan.

If your revenue within the present tax 12 months is more likely to be a minimum of 15% decrease than the earlier tax 12 months, Student Finance England can assess your family revenue on what you estimate your revenue shall be.

Supporting your kid’s utility

If you’re supporting your youngster’s utility, your family revenue is the mixed revenue of you and:

  • your youngster
  • your partner
  • your companion 

If you’re married, Student Finance England will want your partner’s revenue even in the event you don’t reside collectively, or they’re not the student’s dad or mum.

If you reside along with your companion, they’ll want to inform Student Finance England about their revenue even when you weren’t residing collectively through the tax 12 months being requested about.

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If you’re separated or divorced, your youngster ought to inform us who they reside with or have most contact with. If they spend an equal period of time with each of their mother and father, they’ll be requested to choose who will assist their utility.

Remember, family revenue is predicated in your circumstances at the beginning of the tutorial 12 months. This signifies that in the event you get married or begin residing along with your companion earlier than the beginning of the tutorial 12 months, Student Finance England will want their particulars.

Household revenue doesn’t embody any revenue the student might need from working themselves.

Supporting your partner or companion’s utility 

If your partner or companion is making use of for student finance, the family revenue is made up of your revenue solely.

Household revenue doesn’t embody any revenue the student might need from working themselves.