For the main bursary, we are unable to give any guidance on how this is calculated.
There are 4 additional parts to the bursary.
Maintenance Grant
The Maintenance Grant is calculated using your net unearned income for the current academic year, along with your spouse, partner, or civil partner's gross residual income for the last tax year. We do not take into account any income your parents have.
Depending on this income the Maintenance Grant may be reduced or not awarded.
Your own income
We'll take into account any unearned income you expect to receive during the academic year. If your academic year starts in September or October this is between 1 September and 31 August. If you start in January or March this is between 1 January and 31 December.
If your own net unearned income is £8,473 or less, the Maintenance Grant will not be reduced.
If your own net unearned income is above £8,473, the Maintenance Grant is reduced by £1 for every £1 you earned over £8,473. This reduction is called an assessed contribution.
Your spouse, partner, or civil partner's income
We'll take into account the gross taxable residual income your spouse, partner, or civil partner received during the last tax year, between 6 April and 5 April.
If their income was £20,868 or less, the Maintenance Grant will not be reduced.
If their income was above £20,868, £45 will be taken off the Maintenance Grant. We’ll also reduce it by £1 for every £8 of their gross taxable residual income above £20,868. This reduction is referred to as an assessed contribution.
Their assessed contribution, if any, will be reduced by £92.00 for each dependant child declared on your application and approved by us.
Adult Dependants Allowance (ADA)
You cannot claim ADA if the dependant income will be more than £3,796 per year.
If the adult dependant is your spouse, partner, or civil partner, we'll calculate the ADA using their net taxable income from the last tax year.
If the adult dependant is not your spouse, partner, or civil partner, we'll calculate it using the adult dependant's net income from the current academic year.
Parent's Learning Allowance (PLA)
PLA is assessed using the income received by your spouse, partner, or civil partner and any income received by your children during the last tax year. Any income you declare for yourself will not be taken into account.
We'll deduct the income from any Adult Dependants Allowance (ADA) entitlement first. Any income left will be used to reduce your PLA.
Childcare Allowance (CCA)
CCA is assessed using the income received by your spouse, partner, or civil partner if you have one, and your children during the last tax year.
We do not include any income you declare for yourself.
We’ll calculate your CCA entitlement by working out up to a maximum of 85% of the cost for each individual week. We’ll then reduce the possible year's entitlement by any applicable.
When you've submitted your completed CCA application, we'll assess it and notify you of your entitlement for the year.