Effect of becomming a director on student tax status

Hi there,

I am a PhD student in London and I plan to set-up a small film production
company with some friends.  We intend to register a Ltd Company at
Companies
House within the next week or so.

How will this affect my student tax status?  For example, will being a
company director mean that I'll have to give up the tax benefits of being
a
student?  If so, are there any ways round this problem (e.g. becoming a
secretary rather than a director)?

Many thanks,
Jack