Calculation of contribution – new system studentsN.I.
9.—(1) In relation to an eligible student who is a new system student, the contribution payable is—
(a)in any case where the household income exceeds £37,900, £1 for every complete £9.50 by which the household income exceeds £37,900; and
(b)in any case where the household income is £37,900 or less, nil.
(2) The contribution must not in any case exceed £5,770.
(3) The contribution may be adjusted in accordance with paragraph 10 or 11.
(4) Where sub-paragraph (5) applies, the aggregate contributions must not exceed £5,770.
(5) This sub-paragraph applies where—
(a)a contribution is payable in relation to two or more eligible students (other than old system students) in respect of the same income under paragraph 5 or, where the relevant parent’s partner’s residual income is taken into account, under paragraphs 5 and 7; or
(b)the household income consists of the residual income of an independent eligible student and his partner where both hold a statutory award.
Commencement Information
I1Sch. 4 para. 9 in operation at 1.9.2006, see reg. 1