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Academic Year 19-20

If your household income has reduced by more than 15% compared to that which was assessed when you applied for funding for academic year 19-20 you can apply now for a current year income assessment.  This will look at income forthe tax year 6th April, 2019 to 5th April, 2020.  If your income is reassessed and results in a lower figure, your Cambridge Bursary award will be increased retrospectively for the whole year and paid to you in Easter Term.  The closing date for reassessments is 30th June 2020 so you should act immediately if you want to be reassessed for the current year.

You (or your parents) will need to fill in a Current Year Income Assessment form for 19-20 and the form you need will depend on who is your regional funding body (Student Finance England, Wales or Northern Irelend).  Links to all the forms can be found on Student Finance England's Website: https://www.gov.uk/guidance/guidance-for-current-students#my-parentpartner-has-recently-lost-their-job-how-will-this-affect-my-student-finance

 

Academic Year 20-21

All new students and some returning students are required to submit financial information relating to tax year 2018-19 to support their application for funding for academic year 2020-21.  This is still the case even if you intend to apply for a current year income assessment because your household income has dropped.  You must complete the standard application for either new or returning students before completing the current year income assessment.

Once you have completed the standard form you can go to https://www.gov.uk/guidance/guidance-for-current-students#my-parentpartner-has-recently-lost-their-job-how-will-this-affect-my-student-finance and complete the appropriate form for your regional funding body to request a current year income assessment.