ECONOMIC REQUIREMENTS

In order to obtain a grant, the applicant's net family income for 2005, based on the number of family members to be taken into account, should not exceed the following:

Grant for urban transport and materials

Maximum net family income (first level)

Single member family                                                                                                 7,993.00 Euros 

Family with 2 members                                                                                             13,020.00 Euros

Family with 3 members                                                                                             17,099.00 Euros

Family with 4 members                                                                                             20,282.00 Euros

Family with 5 members                                                                                             23,016.00 Euros

Family with 6 members                                                                                             25,656.00 Euros

Family with 7 members                                                                                             28,152.00 Euros

Family with 8 members                                                                                             30,632.00 Euros

For families of more than 8 members, 2,459.00 € should be added for every additional member.

 

Assistance with academic fees

Only students who fulfil the academic and family assets requirements and whose net family income does not exceed the following may benefit from exemption from the official academic fees set for the year 2006/2007.

Maximum net family income (second level)

Single member family                                                                                                10,233.00 Euros

Family with 2 members                                                                                             17,468.00 Euros

Family with 3 members                                                                                             23,710.00 Euros

Family with 4 members                                                                                             28,158.00 Euros

Family with 5 members                                                                                             31,472.00 Euros

Family with 6 members                                                                                             33,975.00 Euros

Family with 7 members                                                                                             36,450.00 Euros

Family with 8 members                                                                                             38,914.00 Euros

For families of more than 8 members, 2,459.00 € should be added for every additional member.

This second income level is also applicable to applicants with the right to residential assistance.

Grant in compensation

Having a net family income not exceeding:

Single member family                                                                                                 2,759.00 Euros

Family with 2 members                                                                                               5,325.00 Euros

Family with 3 members                                                                                               7,759.00 Euros

Family with 4 members                                                                                             10,176.00 Euros

Family with 5 members                                                                                             12,588.00 Euros

Family with 6 members                                                                                             14,946.00 Euros

Family with 7 members                                                                                             17,252.00 Euros

Family with 8 members                                                                                             19,504.00 Euros

 

              For families of more than 8 members, 2,253.00 € should be added for every additional member.

 

FAMILY ASSETS REQUIREMENTS

The assets of the family unit mat not exceed the following limits:

A.      URBAN PROPERTY: the total value of registered urban property owned, excluding the family's principal residence, may not exceed 40,800.00 €.

B.       COUNTRY PROPERTY: the total value of registered country property owned, excluding the family's principal residence, may not exceed 12,260.64 € for each relevant family member.

C.     CAPITAL / CAPITAL GAINS AND LOSSES: the total net income from rented property plus the net balance of capital gains and losses for the family may not exceed 1,640.76 €.

When there are a number of different elements to family assets, the percentage of each element will be calculated in relation to the total and the grant will be refused if the total of percentages exceeds one hundred.

In order to calculate the value of family assets, there will be a deduction of 50% of the value of what each member of the family owns, excluding the main breadwinner and his or her spouse.

Grants will also be refused when one of the relevant family members is the owner of any form of business with a turnover volume for the year 2005 in excess of 150,012.00 €.

 

Making an application for a grant will imply authorising the educational administration and the universities to obtain the necessary data to determine income and assets from the tax authorities.