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PART 6N.I.LOANS FOR LIVING COSTS

CHAPTER 2N.I.MAXIMUM AMOUNTS OF LOANS

Current system students with full entitlementN.I.

67.—(1) This regulation applies to a current system student with full entitlement (other than a type 1 or type 2 teacher training student where his contribution exceeds nil).

(2) Subject to Chapter 4 of this Part, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year other than the final year of a course that is not an intensive course is equal to where—

(3) Subject to Chapter 4 of this Part, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year that is the final year of a course that is not an intensive course is equal to where—

(4) “the maintenance grant amount” is, unless otherwise stated,—

(i)where the student qualifies under Chapter 6 of Part 5 for an amount of maintenance grant not exceeding £1,292, the amount of maintenance grant payable;

(ii)where the student qualifies under regulation 59(2) or (4) for an amount of maintenance grant exceeding £1,292 but less than £1,703, £1,542 less £1 in every complete £19.24 by which the household exceeds £18,820;

(iii)where the student qualifies under regulation 59(3) or (5) for an amount of maintenance grant exceeding £1,292 but less than £3,406, £1,792 less £1 in every complete £19.24 by which the household income exceeds £18,820;

(iv)where the student qualifies under Chapter 6 of Part 5 for an amount of maintenance grant of £3,406, £1,792; and

(v)where no maintenance grant is payable, nil.

Commencement Information

I1Reg. 67 in operation at 12.3.2009 with application in accordance with reg. 1(4)