Professional studies loans

Professional studies loans, or any other bank loans, to support study are always treated as income, not capital, no matter how they are paid. The loan is taken into account if it is intended, and used, for living costs – eg, food, ordinary clothing or footwear, household fuel, rent, council tax or water charges. Once the period of education supported by the loan is completed, the loan is disregarded altogether, whatever it was originally intended for.