Bursaries for low-income students
13.—(1) An eligible student who is eligible for a grant for fees under regulation 10 and who satisfies the requirements set out in regulation 20(1) shall be eligible for a bursary for living costs where in respect of any academic year the residual income of the student and his parents or spouse, where appropriate, does not exceed £15,000.
(2) For the purposes of this regulation the residual income of the student and his parents or spouse (as appropriate) shall be ascertained in accordance with regulation 24 and Schedule 3.
(3) The amount of bursary payable in respect of any academic year shall be determined by reference to the residual income ascertained under paragraph (2) above in accordance with the following table –
| Residual Income (£) | Bursary (£) |
|---|---|
| Up to 10,000 | 1,500 |
| 10,001 to 10,500 | 1,400 |
| 10,501 to 11,000 | 1,300 |
| 11,001 to 11,500 | 1,200 |
| 11,501 to 12,000 | 1,100 |
| 12,001 to 12,500 | 1,000 |
| 12,501 to 13,000 | 835 |
| 13,001 to 13,500 | 665 |
| 13,501 to 14,000 | 500 |
| 14,001 to 14,500 | 335 |
| 14,501 to 15,000 | 165 |
| 15,001 and over | 0 |