19.—(1) An eligible student who is a 2012 cohort student qualifies in accordance with this regulation for a new fee loan in respect of, or otherwise in connection with, the 2012 cohort student’s attendance on a designated course provided by a body listed in regulation 5(1)(e).
(2) A new fee loan is not available in respect of an academic year if that year is—
(a)a bursary year;
(b)an Erasmus year of a course provided by an institution in Northern Ireland; or
(c)an Erasmus year of a course provided by an institution in England, Scotland or Wales where the course began before 1 September 2012.
(3) The maximum amount of new fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course where none of the circumstances in regulations 16(7), 16(8), 16(9) or 16(10) applies is the lesser of—
(a)£4,046; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(4) The maximum amount of new fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course where one of the circumstances in regulation 16(7) or 16(8) applies is the lesser of—
(a)£1,940; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(5) The maximum amount of new fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course where regulation 16(9) applies is the lesser of—
(a)£900; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(6) The maximum amount of new fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course where regulation 16(10) applies is the lesser of—
(a)£675; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(7) Where a 2012 cohort student has applied for a new fee loan of less than the maximum amount available in relation to an academic year, the 2012 cohort student may apply to borrow an additional amount which, when added to the amount already applied for, does not exceed that maximum.
(8) This regulation does not apply to a 2012 cohort student who qualifies for a new private institution fee loan.
(9) For the purpose of this regulation a course is to be treated as being provided by or on behalf of a recognised educational institution where—
(a)an institution was a recognised educational institution on the first day of the first academic year of that course;
(b)that institution has ceased to be a recognised educational institution; and
(c)the Welsh Ministers have designated that course under regulation 5(8).