The value of your own savings and assets will be checked
The regulating authority requires that all Educational Maintainance departments compare the data submitted by each applicant, with those data held by the Federal Tax Office.
If this comparison between the amount of interest accrued on savings and assets, and the values of these savings and assets declared by the applicant reveals inconsistencies, steps will be taken to reclaim awards and a fine will be incurred. In extreme cases the applicant may be charged with misuse of social benefits.
To avoid such unpleasant consequences, please ensure to include precise, accurate details of all savings and assets in your application. In case of doubt, please seak advice from the Educational Maintenance department.