Memorandum - Student Loans Company

F4: ASSESSMENT OF HOUSEHOLD CONTRIBUTION IN 2013/14 FOR CONTINUING FULL-TIME OLD SYSTEM INDEPENDENT STUDENTS WHO HAVE NO SPOUSE OR PARTNERAssessments will be calculated as follows:Household income less than £11,025: no contributionHousehold income of £11,025: contribution of £45Household income of £11,026 or more: contribution of £45 plus £1 for each additional£8.36 of residual income.The minimum contribution is £45 and the maximum is £8,229. In calculating the householdincome, an allowance of £1,130 may be made for a parent who is an eligible student or whoholds a statutory award. The parental income may be reduced by £1,130 for any child (otherthan the student) who is wholly or mainly financially dependent upon the parent.ASSESSED CONTRIBUTION FOR ILLUSTRATIVE LEVELS OF INCOMEHOUSEHOLDINCOMEASSESSEDCONTRIBUTIONHOUSEHOLDINCOMEASSESSEDCONTRIBUTIONHOUSEHOLDINCOMEASSESSEDCONTRIBUTION11,025 45 35,000 2,912 59,000 5,78312,000 161 36,000 3,032 60,000 5,90313,000 281 37,000 3,152 61,000 6,02214,000 400 38,000 3,271 62,000 6,14215,000 520 39,000 3,391 63,000 6,26216,000 640 40,000 3,510 64,000 6,38117,000 759 41,000 3,630 65,000 6,50118,000 879 42,000 3,750 66,000 6,62019,000 998 43,000 3,869 67,000 6,74020,000 1,118 44,000 3,989 68,000 6,86021,000 1,238 45,000 4,108 69,000 6,97922,000 1,357 46,000 4,228 70,000 7,09923,000 1,477 47,000 4,348 71,000 7,21924,000 1,597 48,000 4,467 72,000 7,33825,000 1,716 49,000 4,587 73,000 7,45826,000 1,836 50,000 4,707 74,000 7,57727,000 1,955 51,000 4,826 75,000 7,69728,000 2,075 52,000 4,946 76,000 7,81729,000 2,195 53,000 5,065 77,000 7,93630,000 2,314 54,000 5,185 78,000 8,05631,000 2,434 55,000 5,305 79,000 8,17532,000 2,553 56,000 5,424 79,449 8,22933,000 2,673 57,000 5,54434,000 2,793 58,000 5,664For residual incomes below £11,025, no contribution is assessed.For residual incomes above £79,449, the assessed contribution is £8,229.For details of other loan and grant support that is available to full-time continuingstudents, see section G.35