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How to support your young person’s student finance application

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Student Finance England have recently released a useful article outlining how to support your young person applying for student finance. Read on to find out more:

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Applications for student finance have now opened. You should encourage your child to apply now to make sure they have their money in time for the start of their course. The quickest and easiest way for them to apply is online at www.gov.uk/studentfinance.

What do you have to do?

If your young person is applying for the basic Maintenance Loan (that doesn’t depend on household income), you won’t need to do anything.

If they’re applying for the part of the Maintenance Loan that does depend on your household income, you’ll be asked to provide details of your income so we can work out how much money you’ll get. You can do this in three easy steps.

  1. Find your financial documents
    We need to know your income details for tax year 2015-16. It may help you to look at your financial documents, such as your P60, from this tax year. You’ll also need to have your National Insurance number to hand.
  2. Look for an email from us
    When your child applies, we’ll ask them for your email address. We’ll then send you an email with instructions on how to create an account at www.gov.uk/studentfinance to give us your income details. If you’ve already given us income details for another child or applied for student finance yourself, you don’t need to create a new account. Use the same Customer Reference Number and password you used before.
  3. Give us your income details
    Once you’ve created an account or logged in, give us your income details for tax year 2015-16. We’ll confirm these with HM Revenue & Customs. Most parents don’t need to send any income evidence, but sometimes we do ask for this.

For more information…

For everything you need to know about student finance, visit SFE’s student finance zone. We have dedicated resources with information specifically for parents of students.
For regular updates like us on Facebook, follow us on Twitter and watch our films on YouTube.

 

North East Raising Aspiration Partnership
c/o Marketing and Student Recruitment
Newcastle University
Newcastle
NE1 7RU

Tel: 0191 208 3128

Email: info@nerap.ac.uk