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- Original (As made)
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50.—(1) The maximum amount of maintenance grant available in respect of an academic year is—
(a)in the case of a type 1 teacher training student, £1,600;
(b)in the case of a type 2 teacher training student, £3,200; and
(c)in the case of a new system student other than a type 1 or type 2 teacher training student, £3,200.
(2) A type 1 teacher training student who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—
(a)where the household income is £17,500 or less, he receives £1,600;
(b)where the household income exceeds £17,500 but does not exceed £26,500, he receives an amount equal to
where
M is £1,600
A is £1 for every complete £4.50 by which the household income exceeds £17,500; and
(c)where the household income exceeds £26,500 or he opts when applying for the grant not to provide the information needed to calculate the household income, he receives £600.
(3) A type 2 teacher training student who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year —
(a)where the household income is £17,500 or less, he receives £3,200;
(b)where the household income exceeds £17,500 but does not exceed £26,500, he receives an amount equal to M − A where—
M is £3,200
A is £1 for every complete £4.50 by which the household income exceeds £17,500; and
(c)where the household income exceeds £26,500 or he opts when applying for the grant not to provide the information needed to calculate the household income, he receives £1,200.
(4) A new system student other than a type 1 or type 2 teacher training student who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—
(a)where the household income is £17,500 or less, he receives £3,200;
(b)where the household income exceeds £17,500 but does not exceed £26,500, he receives an amount equal to M − Awhere—
M is £3,200
A is £1 for every complete £4.50 by which the household income exceeds £17,500;
(c)where the household income exceeds £26,500 but does not exceed £37,425, he receives an amount equal to RM − Awhere—
RM is £1,200
A is £1 for every complete £9.50 by which the household income exceeds £26,500;
(d)where the household income exceeds £37,425, no maintenance grant is payable.
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