PART 6LOANS FOR LIVING COSTS

CHAPTER 2MAXIMUM AMOUNTS OF LOANS

Current system students with full entitlement67.

(1)

This regulation applies to a current system student with full entitlement (other than a type 1 or type 2 teacher training student where his contribution exceeds nil).

(2)

Subject to Chapter 4 of this Part, 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 the final year of a course that is not an intensive course is equal to X−Ymathwhere—

  • X is—

    1. (i)

      for a student in category A, £3,673;

    2. (ii)

      for a student in category B, £6,643;

    3. (iii)

      for a student in category C, £5,653;

    4. (iv)

      for a student in category D, £4,745;

  • Y is the maintenance grant amount.

(3)

Subject to Chapter 4 of this Part, 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 intensive course is equal to X−Ymathwhere—

  • X is—

    1. (i)

      for a student in category A, £3,319;

    2. (ii)

      for a student in category B, £6,048;

    3. (iii)

      for a student in category C, £4,915;

    4. (iv)

      for a student in category D, £4,391;

  • Y is the maintenance grant amount.

(4)

“the maintenance grant amount” is, unless otherwise stated,—

(i)

where the student qualifies under Chapter 6 of Part 5 for an amount of maintenance grant not exceeding £1,292, the amount of maintenance grant payable;

(ii)

where the student qualifies under regulation 59(2) or (4) for an amount of maintenance grant exceeding £1,292 but less than £1,703, £1,542 less £1 in every complete £19.24 by which the household exceeds £18,820;

(iii)

where the student qualifies under regulation 59(3) or (5) for an amount of maintenance grant exceeding £1,292 but less than £3,406, £1,792 less £1 in every complete £19.24 by which the household income exceeds £18,820;

(iv)

where the student qualifies under Chapter 6 of Part 5 for an amount of maintenance grant of £3,406, £1,792; and

(v)

where no maintenance grant is payable, nil.