PART 7FINANCIAL ASSESSMENT

Application of contribution30.

(1)

An amount equal to the contribution calculated under Schedule 5 shall be applied until it is extinguished against the amount of the particular grants and loans for which the eligible student qualifies as follows—

(a)

first, to reduce GFF;

(b)

second, to reduce ADG;

(c)

third, to reduce CCG;

(d)

fourth, to reduce PLA;

(e)

fifth, to reduce LLC to no less than the minimum level for the academic year;

(f)

sixth, to reduce GFT.

(2)

In this regulation—

(a)

subject to sub-paragraph (b), GFF is the amount, if any, of a grant for fees for which the eligible student qualifies under Part 4 other than fees payable in respect of the student’s attendance—

(i)

at a course at an institution which is not publicly funded (unless the course is referred to in regulation 12(4)(a)(i)); or

(ii)

at a course referred to in paragraph 4 of Schedule 3 (other than a course for a first degree);

(b)

GFF is £1,175 where—

(i)

regulation 12(2)(c), (e), (f) or (g) applies to the grant for fees for which the student qualifies; or

(ii)

the student does not qualify for a grant for fees because of regulation 11(9)(c);

(c)

ADG is the amount, if any, of the adult dependants' grant calculated in accordance with regulation 20;

(d)

CCG is the amount, if any, of the childcare grant calculated in accordance with regulation 20;

(e)

PLA is the amount, if any, of the parents' learning allowance calculated under regulation 20 (except the first £50 of the allowance);

(f)

LLC is the amount of loan for living costs, if any, for which the eligible student qualifies under regulation 24 other than a loan to which regulation 25(13), 25(14) or 25(15) applies;

(g)

GFT is the amount of the grant for travel for which the eligible student qualifies under regulation 22, if any;

(3)

Subject to paragraphs (4) and (5), the “minimum level for the academic year” is—

(a)

£2,490, in the case of a student in category A;

(b)

£3,880, in the case of a student in category B;

(c)

£3,845, in the case of a student in category C;

(d)

£3,845, in the case of a student in category D;

(e)

£3,145, in the case of a student in category E;

(4)

Subject to paragraph (5), where the academic year in question is the final year of a course other than an accelerated course, the “minimum level for the academic year” is—

(a)

£2,175, in the case of a student in category A;

(b)

£3,370, in the case of a student in category B;

(c)

£3,345, in the case of a student in category C;

(d)

£3,345, in the case of a student in category D;

(e)

£2,735, in the case of a student in category E.

(5)

Where under regulation 25(7) different categories apply for different quarters of the academic year, the minimum levels in paragraphs (3) and (4) shall be the aggregate of the amounts determined under paragraph (6) for each of the three quarters in respect of which a loan is payable.

(6)

The amount determined for each quarter under this paragraph is one third of the amount in paragraph (3) or (4) which corresponds to the rate applicable for the quarter.

(7)

Categories A to E have the meaning given in regulation 25.