Amendment of the 2003 Regulations
13.—(1) Regulation 20 (Maximum amounts of loans) shall be amended as provided by paragraphs (2) to (6).
(2) Paragraph (4) shall be omitted.
(3) For paragraphs (6) and (7) there shall be substituted –
“(6) Subject to paragraph (7) the maximum loan for living costs shall, in respect of each quarter, be calculated in accordance with whichever of paragraphs (1)(a), (1)(b)(i), (ii), (iii) or (iv), (2)(a) or (2)(b)(i), (ii), (iii) or (iv) applies in relation to one half or more of that quarter, or, where any two such paragraphs apply for one half of any quarter each, in accordance with that paragraph which would result in a higher rate of support being payable.
(7) Paragraph (6) shall apply in relation to paragraph (1)(b)(ii) or paragraph (2)(b)(ii) so that the rate of loan specified in those sub-paragraphs is payable only in respect of a quarter where the student is attending an overseas institution for at least one half of that quarter.”.
(4) For paragraph (8) there shall be substituted –
“(8) The maximum amount of any loan for living costs shall, in respect of an academic year, be the sum of the amounts calculated in respect of each quarter of that year in accordance with paragraph (6).”
(5) For the table in paragraph (15) there shall be substituted –
| “Column 1 | Column 2 |
|---|---|
| 3,240 | 1,535 |
| 5,050 | 2,480 |
| 5,000 | 2,005 |
| 4,095 | 2,005 |
| 2,830 | 1,125 |
| 4,380 | 1,810 |
| 4,350 | 1,465 |
| 3,555 | 1,465” |
(6) For the table in paragraph (16) there shall be substituted –
| “Column 1 | Column 2 |
|---|---|
| 3,240 | 1,535 |
| 5,050 | 2,480 |
| 5,000 | 2,460 |
| 4,095 | 2,005 |
| 2,830 | 1,125 |
| 4,380 | 1,810 |
| 4,350 | 1,795 |
| 3,555 | 1,465” |