F1PART 11BLOANS FOR LIVING COSTS IN CONNECTION WITH DESIGNATED PART-TIME COURSES

CHAPTER 2Amount of loan for living costs

Maximum amount of loans for living costs: eligible part-time students with full entitlement157G.

(1)

Subject to Chapters 3 and 4 of this Part and paragraph (5), the maximum amount of loan for living costs for which an eligible part-time student with full entitlement qualifies in respect of an academic year of a designated part-time course is equal to—

A×(X-Y)

where—

  • A is the relevant intensity of study; and

  • X is—

    1. (a)

      for a student in category A, F2£8,610;

    2. (b)

      for a student in category B, F3£13,348;

    3. (c)

      for a student in category C, F4£11,713;

    4. (d)

      for a student in category D, F5£10,227; and

  • Y is—

    1. (a)

      for a student in category A, £1 for every complete F2£6.91 by which the student’s household income exceeds £25,000;

    2. (b)

      for a student in category B, £1 for every complete F3£6.73 by which the student’s household income exceeds £25,000;

    3. (c)

      for a student in category C, £1 for every complete F4£6.78 by which the student’s household income exceeds £25,000;

    4. (d)

      for a student in category D, £1 for every complete F5£6.84 by which the student’s household income exceeds £25,000.

(2)

Subject to paragraph (4), the maximum amount of loan for living costs calculated in accordance with paragraph (1) is made up of—

(a)

a special support loan calculated in accordance with paragraph (3); and

(b)

a maintenance loan.

(3)

The amount of special support loan is—

A×Z

where—

  • A is the relevant intensity of study; and

  • Z is F6£4,327.

(4)

Where the amount of special support loan calculated in accordance with paragraph (3) is equal to or higher than the amount calculated in accordance with paragraph (1)—

(a)

the maximum amount of loan for living costs is made up of a special support loan only; and

(b)

the maximum amount of loan for living costs is equal to the amount calculated in accordance with paragraph (1).

(5)

Where the maximum amount of loan for living costs is calculated in accordance with paragraph (1) and is less than the minimum level for the academic year specified in regulation 157J, the minimum level for the academic year is payable.