Guide

Apply for student finance

Last updated: 25 May 2017

Household income

The funding you can get depends on how much your income is. It also depends on the income of your parents or your husband, wife, civil partner or partner.

Your household income doesn't affect applications for:

  • Disabled Students' Allowance
  • tuition fees in Scotland
  • part of the student loan

The amount of funding you can get is based on the total income for the household where you live. This is before:

  • tax
  • National Insurance
  • other deductions

You'll need to provide proof of your household income when you apply for student funding. You may be asked to supply other supporting documents depending on your circumstances.

Gathering information and evidence for your funding application may take some time.

Contact SAAS to find out what exact documents you need if you're a:

  • care leaver
  • student carer
  • lone parent
  • disabled student

If your household income is £34,000 a year or more

You'll only be able to get a loan of up to £4,750 if your household income is more than £34,000 a year.

You won't need to fill in the household income section of your SAAS funding application.

If your household income is £33,999 a year or less

You can apply for more than the minimum amount of student loan as well as bursaries and grants.

You'll need to fill in the household income section of your SAAS funding application.

Young students – what you can get

Household income Young Students' Bursary Student Loan Total
£0 to £16,999 £1,750 £5,750 £7,500
£17,000 to £23,999 £1,000 £5,750 £6,750
£24,000 to £33,999 £500 £5,750 £6,250
£34,000 and above £0 £4,750 £4,750

Independent students – what you can get

Household income Independent Students' Bursary Student Loan Total
£0 to £16,999 £750 £6,750 £7,500
£17,000 to £23,999 £0 £6,750 £6,750
£24,000 to £33,999 £0 £6,250 £6,250
£34,000 and above £0 £4,750 £4,750

What counts as household income

SAAS will look at household income from the previous tax year.

Academic year Tax year SAAS assesses
2016 to 2017 Tax year 2015 to 2016
2017 to 2018 Tax year 2016 to 2017

Income from parents, husband, wife, civil partner or partner

When SAAS looks at the income of the other people in your household, they'll look at 'earned' income and 'unearned' income.

'Earned' income can be from:

  • employment
  • self-employment
  • unemployment

'Unearned' income can be from:

  • property
  • pensions
  • trusts
  • some state benefits
  • interest from bonds, investments, bank or building society or any other savings accounts
  • dividends
  • maintenance payments
  • any other income

Contact SAAS if you're not sure what counts as 'other income'.

Find out what proof of household income your parent or partner needs to give you.

Your income

SAAS won't count your 'earned' income – money you earn through employment or self-employment.

What SAAS will count What SAAS won't count
Property Money you earn from employment (eg a part-time job)
Some state benefits Some state benefits
Pensions Scholarships or sponsorships
Trusts Educational endowments from charities
Interest from bonds, investments, bank or building society or any other savings accounts Money from university 'hardship funds' (this only applies if you're a continuing student)
Dividends
Maintenance payments you get from an absent parent, husband, wife, civil partner or partner
Any other income (contact SAAS if you're not sure what counts as 'other income')

Find out what proof of household income your parent or partner needs to supply.

If your household income is likely to drop during the year

SAAS may be able to assess your award again if your household income drops during the year.

If the drop is likely to be 15% or more, you may be able to have your household income for the current tax year assessed (instead of the previous tax year). This is only if the drop is because of:

  • redundancy
  • retirement
  • long-term sick leave
  • reduction in hours by employer
  • self-employed and income has dropped due to the current financial climate
  • death of parent, husband, wife, civil partner or partner

You'll need to give an estimate of your household income using the 'Estimated household income' SAAS form. You'll also need to supply evidence like a P45 or a letter from an employer.

Apply for student finance
Household income