Amount of the maintenance grant – 2009 cohort studentsE+W
This section has no associated Explanatory Memorandum
58.—[(1) The maximum amount of maintenance grant available to a 2009 cohort student in respect of an academic year is [£3,878].]
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) A 2009 cohort student ... who qualifies for a maintenance grant in respect of an academic year receives, subject to sub-paragraph (c), an amount as follows in respect of that year—
(a)where the household income is £25,000 or less, the student receives [£3,878];
(b)where the household income exceeds £25,000 but does not exceed [£50,717], the student receives an amount equal to
where—
M is [£3,878]
A is £1 for every complete [£4.01] by which the household income exceeds £25,000 but does not exceed [£34,292]
B is £1 for every complete [£10.87] by which the household income exceeds [£34,292] but does not exceed [£50,717]; and
(c)where the household income exceeds [£50,717], no maintenance grant is payable.