Calculation of student income – amount for an assessment periodN.I.
71. The amount of a person's student income in relation to each assessment period in which the person is to be treated as having student income in accordance with regulation 68(1) is calculated as follows—
Step 1
Determine whichever of the following amounts is applicable—
(a)[F1in so far as regulation 68(2) applies to a person with a student loan,] the amount of the loan (and, if applicable, the amount of any grant) in relation to the year of the course in which the assessment period falls, F2...
[F3(aa)in so far as regulation 68(2) applies to a person with a postgraduate loan, 30 per cent. of the amount of the loan in relation to the year of the course in which the assessment period falls; or]
(b)if regulation 68(4) applies (person with a grant but no student loan [F4or postgraduate loan] ) the amount of the grant in relation to the year of the course in which the assessment period falls.
If the period of the course is less than a year determine the amount of the grant or loan in relation to the course.
Step 2
Determine in relation to—
(c)the year of the course in which the assessment period falls, or
(d)if the period of the course is less than a year, the period of the course,
the number of assessment periods for which the person is to be treated as having student income under regulation 68(1).
Step 3
Divide the amount produced by step 1 by the number of assessment periods produced by step 2.
Step 4
Deduct £110.
Textual Amendments
F1Words in reg. 71 substituted (15.7.2020) by The Social Security (Income and Capital) (Miscellaneous Amendments) Regulations (Northern Ireland) 2020 (S.R. 2020/108), regs. 1(1), 8(4)(a)
F2Word in reg. 71 omitted (15.7.2020) by virtue of The Social Security (Income and Capital) (Miscellaneous Amendments) Regulations (Northern Ireland) 2020 (S.R. 2020/108), regs. 1(1), 8(4)(b)
F3Words in reg. 71 inserted (15.7.2020) by The Social Security (Income and Capital) (Miscellaneous Amendments) Regulations (Northern Ireland) 2020 (S.R. 2020/108), regs. 1(1), 8(4)(c)
F4Words in reg. 71 inserted (15.7.2020) by The Social Security (Income and Capital) (Miscellaneous Amendments) Regulations (Northern Ireland) 2020 (S.R. 2020/108), regs. 1(1), 8(4)(d)