PART 6LOANS FOR LIVING COSTS

CHAPTER 4MISCELLANEOUS

Students becoming eligible in the course of an academic year85

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Where any of the following events occur in the course of an academic year, a student may qualify for a loan for living costs in respect of F4such quarters in respect of which such a loan is payable as begin after the event in question occurs—

a

a course designation event which results in the student’s course becoming a designated course; or

b

an in-year qualifying event (other than a settled status event) which results in the student becoming an eligible student.

1A

Where a protected category event which results in a student becoming an eligible student occurs—

a

in the course of the first academic year of a course; and

b

on before the course start date,

the student may qualify for a loan for living costs in respect of all quarters of that academic year in respect of which a loan for living costs is payable.

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3

An eligible student to whom paragraph (1) applies does not qualify for a loan for living costs in respect of any academic year beginning before the academic year in which the relevant event occurred.

4

The maximum amount of loan for living costs payable is the aggregate of the maximum amount of loan for living costs for each quarter in respect of which the student qualifies for the loan for living costs under this regulation.

5

The maximum amount of loan for living costs for each quarter is one third of the maximum amount of loan for living costs which would apply for the academic year if the student fell into the category which applies to the relevant quarter for the duration of the academic year.

6

The maximum amount of long courses loan payable is the aggregate of the maximum amount of long courses loan for each quarter in respect of which the student qualifies for the long courses loan under this regulation.

7

The maximum amount of long courses loan for each quarter is one F1fourth of the maximum amount of long courses loan which would apply for the academic year if the student fell into the category which applies to the relevant quarter for the duration of the academic year.