The ISEE is the indicator of the economic situation of a household. With the ISEE you can obtain a reduction of university fees and other expenses and charges that you have to pay for essential services, such as ATM Milan subscriptions. or student rentals.
But what is the ISEE? Who has to submit it? And what are the thresholds to obtain the benefits?
We’ll try to report all the main information in this short reference guide
What is the ISEE
The ISEE, or Equivalent Economic Situation Indicator, is a tool that provides access to services if your economic situation requires it. It is a sort of economic business card of your household: The indicator refers to the financial conditions of the students and their family members, all listed in the “family status” since they reside in the same house.
The ISEE reports the overall economic condition of the entire family unit, taking into account real estate, income, income from work, pensions, and so on.
Who Needs to Submit ISEE?
To obtain the ISEE, it is necessary to fill in the DSU (Single Substitute Declaration), a document that summarizes personal information, income and assets that are necessary to describe the economic situation of the family unit.
The DSU can therefore be submitted electronically to INPS, to your municipality or to the provider.
If you prefer, you can also get help from a CAF, a Tax Assistance Center.
Pay Less Tuition Fees
As we’ve already explained at the beginning of this brief guide, one of the main benefits of the ISEE for students in Milan is represented by the possibility of paying lower taxes to the university, including a complete exemption.
Be careful: Each university can establish different thresholds for the ISEE and, above all, different benefits. Every institution can set different ranges of economic situation levels with their reductions on the tuition fees.
What are the Thresholds for the ISEE?
For the reasons mentioned above, it is not possible to indicate which are the thresholds for the ISEE that may lead to a reduction, or a total exemption, from paying taxes in all Italian universities.
For example, the current regulation of the University of Milan La Statale ensures an exemption from the tuition fees only for the students declaring less than 22,000 euros in the ISEE. Also, if the student succeeds in graduating during the last year of enrollment, it is possible to obtain a refund of fees even with an ISEE over 22,000 euros – but still not higher than 40,000 euros.
At the University of Milan – Bicocca, however, the no tax area is up to 23,000 euros.
We therefore advise all interested students to carefully read the regulations of their institution for the current academic year.
How to Obtain the ISEE for university
The ISEE is issued by INPS with a special statement: It applies to subsidized services concerning the right to university study. It can therefore be either obtained directly at the INPS counters (or on the inps.it website), or at one of the authorized tax assistance centers.
Who has to Submit the ISEE for university?
Although not mandatory, the ISEE is normally required for all university students. Considering that it enables the institution to calculate the exact amount of fees to be paid, the student who does not submit it will be included in the highest level and will therefore have to pay the maximum amount of university fees.
When to Submit the University ISEE
The deadlines are set by the regulations of each individual institution. However, they normally coincide with the end of October, thus allowing the university to proceed with the calculation of fees for the second and / or subsequent installments.
If you miss the deadline, you are still allowed to submit your University ISEE before the issuance of the second installment. However, penalties, even particularly hefty ones, will be applied. Make sure to put the date in your calendar!
In this guide we have tried to summarize how the ISEE works and why it is very important to obtain it as soon as possible, in order to meet the deadlines, set by your university.
Considering that each university may adopt a different policy, we recommend you to carefully read the regulations of your institution to find out more and, also, to promptly contact the student assistance service for any doubt.