PART 5 GRANTS FOR LIVING AND OTHER COSTS

CHAPTER 8 HIGHER EDUCATION GRANTS FOR OLD SYSTEM STUDENTS

Amount of the higher education grant

63.—(1) The maximum amount of higher education grant available in respect of an academic year is £1,000.

(2) An old system student who qualifies for a higher education grant receives an amount as follows—

(a) where the household income is £16,750 or less, the student receives £1,000;

(b) where the household income exceeds £16,750 and does not exceed £22,735, the student receives an amount equal to where—

• M is £1,000

• A is £1 for every complete £6.30 by which the household income exceeds £16,750; and

(c) where the household income exceeds £22,735, no higher education grant is payable.