Submitted on Tuesday 7th February 2017
Published on Wednesday 15th February 2017
Current status: Closed
Closed: Tuesday 2nd May 2017
Signatures: 10
Tagged with
Student maintenance loans to include parental outgoings as well as incomings
When a student applies for a maintenance loan through Student Finance UK, they have to declare their total annual household income. Whilst this may be effective for the upper and lower class, many of the middle class families lose out substantially.
With a maximum loan of 8,200 for students with an annual household income of less than £25,000, no financial aid is expected of their parents or guardians. However, despite a student turning 18, being a separate legal entity to their parents or guardians, parents are expected to help despite their outgoings. Annual household incomes over £62,177 allow students to be entitled to a £3,821 loan. With accomodation nearly always over this amount, parents are expected to help to the extent of £5,000.
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