Willie Penrose (Longford-Westmeath, Labour)
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Question 419: To ask the Minister for Education and Science the position where an assessment is made in relation to a higher education grant application, whereby the applicant's father is both employed and self employed, if losses occurred in the previous year's trading, which were allowed by the Revenue Commissioners against current year's profits, are likewise allowed by her Department or the valuating local authority, for the purpose of assessment of the person's eligibility for a higher education grant; the situation in relation thereto; and if she will make a statement on the matter. [27540/07]

Mary Hanafin (Dún Laoghaire, Fianna Fail)
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My Department's Student Maintenance Grants Schemes take account of the incomes and losses of the relevant tax year. The schemes provide that the grant awarding agency may allow losses of the relevant year to be offset against other incomes of the same year, but they do not allow losses of any prior year to be offset in the relevant year.