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Further education

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

Parents income for uni funding

3 replies

TheyCallMeMrsBug · 26/01/2025 09:54

My dc is at uni, in their second year. The last two years my income had been low enough that they qualified for the maximum loan. However I have been offered a new position with a 45% pay increase which is fantastic for me however I want to budget for how this is going to affect Dc.

Fo they take into account your pay before or after pension contributions? I currently contribute the max allowed in my company which I would like to continue, however, if they only look at gross pay I might need to reduce that to free up some funds for DC.

If it goes on net pay then obviously keeping them higher is more beneficial to DC.

OP posts:
TheyCallMeMrsBug · 26/01/2025 17:44

Thank you!

OP posts:
AelinAG · 27/01/2025 17:51

How many more years does your DC have left and when does your payrise take effect? It’s done on the last tax year so it may not actually impact you?

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