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What is HMRC income variance exception?

An HMRC Income Variance occurs when the income amount that your sponsor (parent or partner) told us in support of your application is different from the amount that HMRC confirms to us for the same period. This can happen for a number of reasons.

How long does student finance take to approve UK?

It can take up to 6 weeks to process your application. You might have to provide extra evidence.

When can I cancel my student loan?

You can cancel your Student Loan at any time but you'll need to pay back any payments you've received.

What is an SFE letter?

The letter is issued to confirm what funding students can get. It contains important information such as the student's Customer Reference Number, and university and course details. It also has important information on the next steps the student must take to get paid.

What does HMRC income variance exception mean?

Hi there, an income variance is when we send your sponsor's details to HMRC to check the income they provide, and it comes back that HMRC have a different amount to what your sponsor submitted.

student finance pr2 form

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What is PFF2?

PFF2 - assessment of financial circumstances for parents and partners of students in 2022 to 2023.

Where can I get PFF2 form?

You can download this form at www.studentfinanceni.co.uk and return it with this application or contact us on 0300 100 0077 to have one sent to you. Please note that a current year income assessment cannot be carried out unless you provide your financial details for the 2019-20 tax year.

Can you cancel a student loan application UK?

How to cancel student finance. If your plans change before the start of your course, you can amend or cancel your funding application. You'll have to contact Student Finance England or the relevant administering body to process this.

What is PTMN form?

If you're a new student applying for a Tuition Fee Loan and Maintenance Loan in academic year 2021 to 2022, you'll need to complete and send a PTMN form. If you're studying a distance learning course, you are entitled to a Tuition Fee Loan only.

What is the household income threshold for student finance UK?

£3,597 if you live at home and your household income is £58,253 or above. £4,524 if you live away from home and outside London, and your household income is £62,311 or above.

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