Household Income Student Finance Calculator

Use the student finance calculator to estimate your maintenance loan.

Household income student finance calculator. If your household income is below 25 000 you will be eligible for the maximum amount of maintenance loan 12 010. Student finance 2019 20 is pretty complex but this handy calculator will help you quickly work out what you can get. The problem is that loans aren t based on the current household income its based either on the household income of last year or the year before both. The maintenance loan is partially income assessed.

How much maintenance loan you get depends on where you ll study and your household income. However if you think your household income for the 2020 21 tax year 6th april 2020 5th april 2021 will be significantly lower than in the 2018 19 tax year. And what s best is you don t even need to know many details just plug in your annual household income and details about your course and living arrangements to see how much you can get in loans. Household income is usually based on earnings for the previous tax years 2018 19 if you re applying to study in 2020.

Household income maintenance loan confusion. Student finance calculator get a quick estimate of what student loans grants bursaries and other funding you could get for full time part time and eu students. Household income doesn t include any income the student might have from working themselves. You ll have to pay back any loan.

Remember household income is based on your circumstances at the start of the academic year. For students studying in london and living away from home. More information about student finance based on household income. When to apply for 2018 2019 postgraduate loan show 10 more university scholarship application needs household income as assessed by sf student finance 25 how much maintenance lon can i get.

How much maintenance loan you get for living costs depends on your household income and where you live while studying. This means that if you get married or start living with your partner before the start of the academic year student finance england will need their details. Your household income is the total amount your family earns each year before tax and national insurance. The maximum maintenance loan that most can apply for is 9 203 a year though there s a bit more on offer if you study in london or.

When applying for student finance for the 2020 21 academic year you ll usually need to provide your household income from the 2018 19 tax year 6th april 2018 5th april 2019.