Calculation of student income - amount for an assessment periodU.K.
71. The amount of a person's student income in relation to each assessment period in which the person is to be treated as having student income in accordance with regulation 68(1) is calculated as follows.
Step 1
Determine whichever of the following amounts is applicable—
(a)[F1in so far as regulation 68(2) applies to a person with a student loan,] the amount of the loan (and, if applicable, the amount of any grant) in relation to the year of the course in which the assessment period falls; F2...
[F3(aa)in so far as regulation 68(2) applies to a person with a postgraduate F4... loan, 30 per cent. of the amount of the loan in relation to the year of the course in which the assessment period falls; or]
(b)if regulation 68(4) applies (person with a grant but no student loan [F5or postgraduate F4... loan]) the amount of the grant in relation to the year of the course in which the assessment period falls.
But if the period of the course is less than a year determine the amount of the grant or loan in relation to the course.
Step 2
Determine in relation to—
(a)the year of the course in which the assessment period falls; or
(b)if the period of the course is less than a year, the period of the course,
the number of assessment periods for which the person is to be treated as having student income under regulation 68(1).
[F6But where the first day of the person’s universal credit award is on a date later than the first day of the year of the course, or period of the course, in question, each period of one month beginning on the same day as the assessment periods for, and preceding the commencement of, that award is to be treated as an assessment period when determining the number of assessment periods for which the person is to be treated as having student income.]
Step 3
Divide the amount produced by step 1 by the number of assessment periods produced by step 2.
Step 4
Deduct £110.
Textual Amendments
F1Words in reg. 71 substituted (4.8.2016) by The Social Security (Treatment of Postgraduate Masters Degree Loans and Special Support Loans) (Amendment) Regulations 2016 (S.I. 2016/743), regs. 1, 6(4)(a)
F2Word in reg. 71 omitted (4.8.2016) by virtue of The Social Security (Treatment of Postgraduate Masters Degree Loans and Special Support Loans) (Amendment) Regulations 2016 (S.I. 2016/743), regs. 1, 6(4)(b)
F3 Reg. 71 Step 1 (aa) inserted (4.8.2016) by The Social Security (Treatment of Postgraduate Masters Degree Loans and Special Support Loans) (Amendment) Regulations 2016 (S.I. 2016/743), regs. 1, 6(4)(c)
F4Words in reg. 71 omitted (15.7.2020) by virtue of The Social Security (Income and Capital) (Miscellaneous Amendments) Regulations 2020 (S.I. 2020/618), regs. 1, 8(4)
F5Words in reg. 71 inserted (4.8.2016) by The Social Security (Treatment of Postgraduate Masters Degree Loans and Special Support Loans) (Amendment) Regulations 2016 (S.I. 2016/743), regs. 1, 6(4)(d)