2. Grants and loans
Most grants and loans are disregarded when calculating a student’s income for tax credit purposes (see below).
1Reg 8 TC(DCI) Regs The following are the exceptions.
•Adult dependants’ grant. Any grant received for an adult dependant is included in the calculation.
•Professional and career development loan. Any part of this paid for living costs for the period supported by the loan is taken into account in full.
2Reg 19(c) Table 8 para 2 TC(DCI) Regs Note: this loan is no longer available but could appear in claims using income for the 2019/20 tax year.