It’s far worse the more children you have

The means testing of maintenance loans in strict terms depends on what’s called household ‘residual’ income. This is defined as income…

  • Before tax
  • After any pension contributions
  • After allowances for other dependent children

To find the key info of what allowances are made for dependent children, you need to go to page 10 of Student Loan Company’s ‘How you’re assessed and paid guide’ where it says: “We’ll ignore £1,130 for any child other than you who is totally or mainly financially dependent on them [parents].”

In other words if you’ve two or more children at university consecutively, the only concession is that your income for assessment is mildly reduced. Or to put it more plainly…

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