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Receiving a student maintainance grant whilst having an IVA

I've not been officially accepted yet, but if I do get onto my college course in September I am likely to receive around £2,900 per quater over the next 3 years. This is to help with living costs and expensive materials I will need for my course (art degree) I am just at the start of an IVA and I also work part time and a monthly amount has been agreed for me to pay back. I understand that any change in circumstances or money has to be declared, but will they take all of my student grant? If my IVA is reviewed annually and I receive my first quarterly payment in September, will I need to declare this one, as it won't show up on my annual review, or is this fraudulent?

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