Examples of how to calculate the amount of maintenance grant
Examples of How to Calculate the Maintenance grant
Maintenance Grant for one student attending University/College in the UK for an undergraduate degree.
| - | £ | £ |
|---|---|---|
| Gross Parental Income | 25,000 | |
| Less Taxable Allowances | 1,776 | |
| Net Income | 23,224 | |
| Reduction | 279.50 | |
| Full maintenance grant | 8,100 | |
| Less Reduction | 279.50 | |
| Maintenance grant awarded | 7,820.50 |
Maintenance Grant for two students from the same household attending University/College in the UK, both for undergraduate degrees. Because the student has a sibling also attending University/College at the same time, the calculated reduction will be apportioned between those students.
| - | £ | £ |
|---|---|---|
| Gross Parental Income | 25,000 | |
| Less Taxable Allowances | 1,776 | |
| Net Income | 23,224 | |
| Reduction | 279.50 | |
| Full maintenance grant | 8,100 | |
| Less Reduction per student | 139.75 | |
| Maintenance grant awarded | 7,960.25 |
Examples of How to Calculate the Contribution for Incomes exceeding £112,000
Family gross income of £120,000 per annum, with one student attending university/college in the UK for an undergraduate degree. Additional contribution is calculated at 35% of the £8,000 in excess of the £112,000 threshold.
| - | £ | £ |
|---|---|---|
| University tuition fee | 9,250 | |
| Universal contribution (paid via Government loan) | 2,500 | |
| Family income contribution (35% of £8,000) | 2,800 | |
| Total student / family contribution | 5,300 | |
| Fees Grant payable by Student Awards | 3,950 |
Family gross income of £132,000 per annum, with one student attending University/College in the UK for an undergraduate degree. Additional contribution is calculated at 35% of the £20,000 in excess of the £112,000 threshold, but is capped to the balance of fees due after deducting the universal contribution.
| - | £ | £ |
|---|---|---|
| University tuition fee | 9,250 | |
| Universal contribution (paid via Government loan) | 2,500 | |
| Family income contribution (capped) | 6,750 | |
| Total student / family contribution | 9,250 | |
| Fees Grant payable by Student Awards |
Family gross income of £140,000 per annum, with two students attending University/College in the UK, both for undergraduate degrees. Additional contribution is calculated at 35% of the £8,715 in excess of the higher threshold of £131,285.
| - | £ | £ |
|---|---|---|
| University tuition fee (2 @ £9,250) | 18,500 | |
| Universal contribution x 2 (paid via Government loan) | 5,000 | |
| Family income contribution (35% of £8,715) | 3,050 | |
| Total student / family contribution | 8,050 | |
| Fees Grant payable by Student Awards | 10,450 |
