A word of warning to those unfortunates who are made redundant and have children at uni. I was advised by SFE to fill in a new assessment form when I was made redundant in August before my daughter started Uni. ‘If your income drops by more than 15% we will reassess her claim for support, she may even receive a grant which are getting scrapped next year’
And so they did.
And frankly I should have kept my mouth firmly shut.
Having worked hard for nearly 14 years at the same company I was compensated for losing my job when the company closed my dept. In 2014 the dept for Business Skills & innovation changed the rules on counting redundancy payments as income to be assessed when considering student loans.
Any payment received from 14/15 onwards is calculated now. So whilst I currently have no income but a redundancy payment to live on, the SFE took £1800 from my daughters accommodation loan and I have to find that amount from my redundancy payment to keep her in the Unite building she lives in (incidentally Unite are my union who did so much to help me keep my job…..)
To compound the issue, if I was to contact them again to say its all ok now I have another job, my new salary would be added to my old salary and my redundancy payment and probably see another reduction in her loan.
Of course, I’ve learnt my lesson now about telling the truth….