Maximum amount of loans for new system eligible students with full entitlement
33.—(1) This regulation applies to a new system eligible student with full entitlement other than a type 1 or type 2 teacher training student with a household income exceeding £37,900.
(2) Subject to regulations 36 to 41, 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 a final year of a course that is not an accelerated course) is equal to (X−Y)—
Where
X is—
(i)for a student in category 1, £3,415;
(ii)for a student in category 2, £6,170;
(iii)for a student in category 3, £5,255;
(iv)for a student in category 4, £5,255;
(v)for a student in category 5, £4,405;
Y is the maintenance grant amount.
(3) Subject to regulations 36 to 41, 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 accelerated course is equal to (X−Y)—
Where
X is—
(i)for a student in category 1, £3,085;
(ii)for a student in category 2, £5,620;
(iii)for a student in category 3, £4,570;
(iv)for a student in category 4, £4,570;
(v)for a student in category 5, £4,080;
Y is the maintenance grant amount.
(4) In this regulation, “the maintenance grant amount”(“swm y grant cynhaliaeth”) is—
(a)where the student qualifies under regulation 29 for an amount of maintenance grant not exceeding £1,200, the amount of maintenance grant payable;
(b)where the student qualifies under regulation 29 for an amount of maintenance grant exceeding £1,200, £1,200; and
(c)where no maintenance grant is payable, nil.