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60.—(1) The maximum amount of maintenance grant available to a current system student who is not a 2008, 2009 or 2012 cohort student in respect of an academic year is—
(a)in the case of a type 1 or type 3 teacher training student, £1,492;
(b)in the case of a type 2 teacher training student, £2,984; and
(c)in the case of a current system student other than a type 1, type 2 or type 3 teacher training student, £2,984.
(2) A type 1 teacher training student who is not a 2008 or 2009 cohort student and who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—
(a)where the household income is £18,360 or less, the student receives £1,492;
(b)where the household income exceeds £18,360 but does not exceed £28,059 the student receives an amount equal to
where
M is £1,492
A is £1 for every complete £11.72 by which the household income exceeds £18,360; and
(c)where the household income exceeds £28,059 or the student opts when applying for the grant not to provide the information needed to calculate the household income, the student receives £665.
(3) A type 2 teacher training student who is not a 2008 or 2009 cohort student and who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—
(a)where the household income is £18,360 or less, the student receives £2,984;
(b)where the household income exceeds £18,360 but does not exceed £28,059, the student receives an amount equal to where—
M is £2,984
A is £1 for every complete £5.86 by which the household income exceeds £18,360; and
(c)where the household income exceeds £28,059 or the student opts when applying for the grant not to provide the information needed to calculate the household income, the student receives £1,329.
(4) A type 3 teacher training student who is not a 2008 or 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 £18,360 or less, the student receives £1,492;
(b)where the household income exceeds £18,360 but does not exceed £39,570, the student receives an amount equal to where—
M is £1,492
A is £1 for every complete £11.72 by which the household income exceeds £18,360 but does not exceed £28,059
B is £1 for every complete £17.98 by which the household income exceeds £28,059 but does not exceed £39,570; and
(c)where the household income exceeds £39,570, no maintenance grant is payable.
(5) A current system student other than a 2008, 009 or 2012 cohort student or a type 1, type 2 or type 3 teacher training student who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—
(a)where the household income is £18,360 or less, the student receives £2,984;
(b)where the household income exceeds £18,360 but does not exceed £39,570, the student receives an amount equal to where—
M is £2,984
A is £1 for every complete £5.86 by which the household income exceeds £18,360 but does not exceed £28,059;
B is £1 for every complete £9.00 by which the household income exceeds £28,059 but does not exceed £39,570;
(c)where the household income exceeds £39,570, no maintenance grant is payable.
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