PART 5GRANTS FOR LIVING AND OTHER COSTS

CHAPTER 8HIGHER EDUCATION GRANTS FOR OLD SYSTEM STUDENTS

Amount of the higher education grant67.

(1)

The maximum amount of higher education grant available in respect of an academic year is F1£1,010.

(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 F2£1,010;

(b)

where the household income exceeds £16,750 and does not exceed £22,735, the student receives an amount equal toM−Amath where—

M is F3£1,010

A is £1 for every complete F3£6.23 by which the household income exceeds £16,750; and

(c)

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