The Education (Student Support) (Amendment) Regulations 2015

Amendment of the Education (Student Support) Regulations 2011

56.  In Schedule 4 (Financial Assessment)—

(a) in paragraph 5(2), for the words before paragraph (a), substitute “For the purposes of determining the residual income of an eligible student’s parent (“A” in this paragraph) there is deducted from the taxable income of A the aggregate of any amounts falling within any of the following sub-paragraphs (unless already deducted in determining a person’s taxable income)”;

(b) after paragraph 9(1), insert—

“(1A) In relation to a 2008, 2009 or 2012 cohort student, the contribution calculated at paragraph 9(1) of this Schedule is added to the reduction in entitlement calculated for the loan for living costs in accordance with Chapter 2 of Part 6, for the purposes of paragraph 9(2) and (3) of this Schedule.

(1B) In relation to a 2016 cohort student, the contribution calculated at paragraph 9(1) of this Schedule is added to the contribution calculated for the loan for living costs at paragraph 9A for the purposes of paragraph 9(2) and (3) of this Schedule.”;

(c) after paragraph 9, insert—

“Calculation of contribution for loans for living costs – 2016 cohort students

9A.— (1) In relation to a 2016 cohort student who satisfies all the conditions in regulation 71(1)(g) or 71(1)(h), there is a contribution payable for the loan for living costs.

(2) In relation to a 2016 cohort student who satisfies all the conditions in regulation 71(1)(g), the contribution payable, subject to paragraph 10, in any case where—

(a) the household income exceeds £42,875 is equal to X – Y and—

(i) for a student in category A, X is £1 for every complete £8.59 by which the student’s household income exceeds £25,000 and Y is £2,080;

(ii) for a student in category B, X is £1 for every complete £8.34 by which the student’s household income exceeds £25,000 and Y is £2,143;

(iii) for a student in category C, X is £1 for every complete £8.41 by which the student’s household income exceeds £25,000 and Y is £2,125;

(iv) for a student in category D, X is £1 for every complete £8.49 by which the student’s household income exceeds £25,000 and Y is £2,105;

(b) the household income does not exceed £42,875 is nil.

(3) In relation to a 2016 cohort student who satisfies all the conditions in regulation 71(1)(h), the contribution, subject to paragraph 10, in any case where—

(a) the household income exceeds £42,875 is equal to—

(i) for a student in category A, £1 for every complete £8.59 by which the student’s household income exceeds £42,875;

(ii) for a student in category B, £1 for every complete £8.34 by which the student’s household income exceeds £42,875;

(iii) for a student in category C, £1 for every complete £8.41 by which the student’s household income exceeds £42,875;

(iv) for a student in category D, £1 for every complete £8.49 by which the student’s household income exceeds £42,875;

(b) the household income does not exceed £42,875 is nil.

(4) In relation to a 2016 cohort student who satisfies both the conditions in regulation 71(1)(i), no contribution is payable.

(5) Categories A to D have the meaning given in regulation 90.”.