What happens if there is changing or UNVERIFIED income for bursary purposes?
CHANGED INCOME The award is based on the annual (SLC, SAAS etc) assessment of household income. If the level of income exceeds the level where a bursary is awarded you will not be eligible to this award for that year. However if income has dropped between the assessment year being used by the SLC and the current year the SLC can make an assessment on what is known as a current income basis. If an income re-assessment is made within the year then providing the Student Funding Service receives new income data information from the Student Loan Company, prior to 22nd July, the bursary award will be re-assessed. It cannot be reassessed after this point. For information on re-assessment see the text on this page : “If you’re expecting your household income to drop” A: UNVERIFIED INCOME The Student Funding Service cannot calculate any bursary entitlement for new students without a verified income figure from the relevant assessment authority. (e.g. SLC) Unverified income can exist where infor
