Maintenance Loans are means tested, based upon household income. Therefore, in cases of higher income households, there is an expectation for parental/carer contribution for students under 25. If you are separated or divorced, the household income of the parent that the student predominantly lives with is taken into account. If this parent has a cohabiting partner, their income is also taken into account as household income.
Find out more at the gov.uk website.
How much will I need to pay?
Guidance from MoneySavingExpert.com (based upon 2016/17 funding)
- Family Income: £25,000, Expected Family Contribution: £0
- Family Income: £35,000, Expected Family Contribution: £1,199
- Family Income: £50,000, Expected Family Contribution: £2,997
- Family Income: £69,800, Expected Family Contribution: £5,330
Supporting a student funding application
After the student has applied for their loan, you’ll be sent an email asking you to confirm your income. You can do this online. The deadline for completing this is usually September 1 of the academic year in which they plan to study.
You may be asked to provide evidence of your income or circumstances. For more information, see the gov.uk page supporting an application.