ECONOMIC REQUIREMENTS

For students who are moving from another autonomous community

 

The general grant is available to students whose net family income does not exceed:

Family with 2 members                                                                                             18,212.00 Euros

Family with 3 members                                                                                             24,714.00 Euros

Family with 4 members                                                                                             29,507.00 Euros

Family with 5 members                                                                                             32,818.00 Euros

Family with 6 members                                                                                             35,406.00 Euros

Family with 7 members                                                                                             37,958.00 Euros

Family with 8 members                                                                                             40,500.00 Euros

For families of more than 8 members, 2,390.00 € should be added for every additional member.

 

The special grant is available to students whose net family income does not exceed:

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.