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How does household income affect an application?

If the student has asked to be income assessed we’ll use the total taxable household income to determine the level of support that the student is entitled to. Household income is the combined total income of the student and the parents or partner that they live with.

If you don’t provide details of your household income the student will only be entitled to basic support (such as the non means-tested maintenance loan).

If you provide details of your income, and it’s below a certain threshold, the student can receive more financial help, such as:

  • Welsh Government Learning Grant (previously called Assembly Learning Grant) and Special Support Grant
  • Maintenance Loan (means-tested element)
  • Childcare Grant
  • Parents’ Learning Allowance
  • Adult Dependants’ Grant.

You can find out about what financial help is available for new full-time students:

You can find out about what financial help is available for continuing full-time students:

If your household income drops by 15% or more

Academic year 2016/17

In academic year 2016/17, we will look at your income for the tax year 2014-15 to work out how much money the student is entitled to. However, if your household income drops by 15% or more, the student should let us know, and we will review your income using your income for the current tax year for the basis for a new assessment.

You should complete and send in a Current Year Income Assessment Form if your income changes while the student is studying.

At the end of the tax year, we will write to you for evidence of your income for that tax year.

Parents and partners of new and continuing students should send the form to Student Finance Wales.

Academic year 2015/16

In academic year 2015/16, we will look at your income for the tax year 2013-14 to work out how much money the student is entitled to. However, if your household income drops by 15% or more, the student should let us know, and we will review your income using your income for the current tax year for the basis for a new assessment.

You should complete and send in a Current Year Income Assessment Form if your income changes while the student is studying.

At the end of the tax year, we will write to you for evidence of your income for that tax year.

Parents and partners of new and continuing students should send the form to Student Finance Wales.

Who counts as a member of the household?

If you’re the parent of a student and the student normally lives with you, the following rules apply:

  • if you’re separated or divorced, your income counts towards the household income but the income of the student's other natural parent does not
  • if you have re-married or you live with a partner, their income will count towards the total household income and they will need to provide information and evidence of it. If you re-marry or start to live with a partner before the start of the 2016/17 academic year, your spouse/partner’s income for the tax year 2014-15 (called the ‘prior tax year’) will be taken into account even though you may not have been living with one another during that time.

If you have other children

If you’re the parent of a student and you have other children who are financially dependent on you, the first £1,130 of your total household income will be disregarded regardless of the number of other children who are wholly or mainly financially dependent upon you.

For example: say you earn £20,000 per year and have two children, one of whom is a student. We will disregard £1,130 of your income and consider you to have an income of £18,870 for the purposes of assessing the total household income.



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