The Education (Student Support) Regulations 1998

Amounts of loans

7.—(1) Subject to paragraphs (2) to (5) the maximum amount which may be lent in relation to any one academic year of a course shall be:

(a) for a student who resides at his parent’s home £2,325;

(b) for a student who does not, if he attends a course provided by the University of London or by an institution within the area comprising the City of London and the metropolitan police district, £3,145, otherwise £2,735.

(2) Subject to paragraphs (3) to (5) the maximum amount which may be lent in relation to an academic year which is the final year of a course other than an accelerated course shall be;

(a) for a student who resides at his parent’s home £1,970;

(b) for a student who does not, if he attends a course provided by the University of London or by an institution within the area comprising the City of London and the metropolitan police district, £2,565, otherwise £2,265.

(3) Subject to paragraph (4) where a student’s course includes a period of residence in a country other than the United Kingdom throughout the academic year, the maximum amount of the loan in relation to that academic year shall be £2,735 or if the year is the final year of the course £2,265.

(4) For the purposes of paragraphs (1) to (3) where a postgraduate course of initial training for teachers is of only one academic year’s duration that year shall not be treated as a final year, and for the purposes of paragraphs (1) and (2) a student’s place of residence shall be his place of residence on the date of the certificate of eligibility given under regulation 5(7).

(5) Where in relation to an academic year a student is eligible to receive any payment pursuant to any bursary or award of similar description bestowed on him under section 63 of the Health Services and Public Health Act 1968 the amount of which is calculated by reference to the student’s income unless the course leads to qualification as a medical doctor or as a dentist paragraphs (1) to (3) shall have effect as if £1,000 had been deducted from all the amounts referred to.