Amount of the fee loan

3.  In regulation 16 (amount of the fee loan), after paragraph (3) insert—

“(4) The amount of a fee loan in respect of a further education course beginning in the period beginning on 1st August 2017 and ending on 31st July 2018 must not exceed the lesser of—

(a) the maximum loan amount available in connection with that further education course determined in accordance with Schedule 3, or

(b) the amount which the institution is charging the eligible student for the further education course.”