PART 6LOANS FOR LIVING COSTS

CHAPTER 2MAXIMUM AMOUNTS OF LOANS

Type 1 and type 2 teacher training students who are 2008 cohort students73.

(1)

This regulation applies to a 2008 cohort student who is a type 1 or a type 2 teacher training student with full entitlement.

(2)

Subject to Chapter 4 of this Part and paragraph (5), the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year other than the final year of a course that is not an intensive course is equal toX−(Y+Z)math where—

  • X is—

    1. (i)

      for a student in category A, F1£3,709;

    2. (ii)

      for a student in category B, F2£6,709;

    3. (iii)

      for a student in category C, F3£5,709;

    4. (iv)

      for a student in category D, F4£4,792;

  • Y is the maintenance grant amount;

  • Subject to paragraph (4), Z is £1 for every complete F5£9.17 by which the household income exceeds £61,062.

(3)

Subject to Chapter 4 of this Part and paragraph (5), the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year that is the final year of a course that is not an intensive course is equal toX−(Y+Z)math where—

  • X is—

    1. (i)

      for a student in category A, F6£3,352;

    2. (ii)

      for a student in category B, F7£6,108;

    3. (iii)

      for a student in category C, F8£4,964;

    4. (iv)

      for a student in category D, F9£4,434;

  • Y is the maintenance grant amount;

  • Subject to paragraph (4), Z is £1 for every complete F10£9.17 by which the household income exceeds £61,062.

(4)

Where the same household income is used to assess the amount of a statutory award for which two or more persons qualify, Z in paragraphs (2) and (3) must be divided by the number of such persons before being deducted from X.

(5)

Where the sum of the maximum loan for living costs calculated in accordance with paragraph (2) or (3) and Y is less than the minimum level for the academic year specified in regulation 105, the loan for living costs payable in respect of an academic year to which this regulation applies is calculated asA−Bmath where—

  • A is the minimum level for the academic year specified in regulation 105

  • B is—

    1. (i)

      for a type 1 teacher training student who qualifies under Chapter 6 of Part 5 for a maintenance grant, F11£700;

    2. (ii)

      for a type 2 teacher training student who qualifies under Chapter 6 or Part 5 for a maintenance grant, F12£1,400; or

    3. (iii)

      where no maintenance grant is payable, nil.

(6)

In this regulation, “the maintenance grant amount” is—

(a)

where the student is a type 1 teacher training student and qualifies under Chapter 6 of Part 5 for an amount of maintenance grant of F13£700 or more, but not exceeding F13£1,400, the amount of maintenance grant payable;

(b)

where the student is a type 2 teacher training student and qualifies under Chapter 6 of Part 5 for an amount of maintenance grant of F14£1,400, F14£1,400;

(c)

where the student is a type 1 or a type 2 teacher training student and qualifies under Chapter 6 of Part 5 for an amount of maintenance grant exceeding F15£1,400, F15£1,400; and

(d)

where no maintenance grant is payable, nil.