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Further education

You'll find discussions about A Levels and universities on our Further Education forum.

Does parental savings affect student loan?

4 replies

WorkQuery · 07/11/2020 08:40

I was wondering if parental savings affect contribution to student maintenance loan? This year, DS on full grant as pandemic has wiped away our family business. We have managed to sell our rental property so now have £20000 in savings (as of yesterday) . Will thus mean that we will need to make a big contribution to DS's student maintenance loan now we have some capital?
Thanks for any advice.

OP posts:
HeartZone · 07/11/2020 08:43

No I am pretty sure it’s on household income alone.

Johnathonripples · 07/11/2020 09:24

Income from savings / dividends etc is taken into account as I recall

BigSandyBalls2015 · 07/11/2020 09:25

mainly based on income. I think interest on savings is classed as 'any other income', but that won't be a lot these days!

WorkQuery · 07/11/2020 09:50

Thank you all for your advice.

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