PART 8MAINTENANCE LOAN
F1Amount of maintenance loan: full-time students who qualify for special support payment56
1
Where a full-time student qualifies for a special support payment under regulation 50, the amount of maintenance loan payable to the student is calculated in accordance with paragraph (2).
2
The amount of maintenance loan payable is calculated by applying the following steps—
Step 1
Identify the amount of—
a
maintenance grant payable to the student under regulation 46, and
b
base grant payable to the student under regulation 45.
Step 2
Identify the amount of base grant and maintenance grant to be treated as a special support payment under regulation 50.
Step 3
Identify the applicable amount of living support for the student by reference to Table 8, where—
a
Column 1 specifies the academic year in relation to which the amounts of living support in Column 3 apply;
b
Column 2 specifies the location in which the student is living (see paragraph 3 of Schedule 1);
c
Column 3 specifies the applicable amounts of living support for the corresponding entries in Columns 1 and 2.
Column 1 Academic year | Column 2 Location of student | Column 3 Applicable amount of living support for special support student |
|---|---|---|
Beginning on or after 2018 | Living at home | £7,650 |
Living away from home, studying in London | £11,250 | |
Living away from home, studying elsewhere | £9,000 |
Step 4
Whichever is the greater of—
a
the amount identified at Step 3, or
b
the amounts of grant identified at Step 1 plus the minimum amount of maintenance loan payable to the student as specified by reference to Table 8A,
is the maximum amount of living support available to the student.
Step 5
Calculate the notional maximum amount of maintenance loan by deducting the amount of special support payment identified at Step 2 from the maximum amount of living support identified at Step 4.
Step 6
Deduct the amount of any maintenance grant payable to the student that is not treated as special support payment from the notional maximum amount of maintenance loan calculated at Step 5.
The result is the amount of maintenance loan payable to the student.
3
In Table 8A—
a
Column 1 specifies the academic year in relation to which the minimum amounts of maintenance loan in Column 3 apply;
b
Column 2 specifies the location in which the student is living (see paragraph 3 of Schedule 1);
c
Column 3 specifies the minimum amounts of maintenance loan payable for the corresponding entries in Columns 1 and 2.
Column 1 Academic year | Column 2 Location of student | Column 3 Minimum amount of maintenance loan payable |
|---|---|---|
Beginning on or after 2018 | Living at home | £3,325 |
Living away from home, studying in London | £5,125 | |
Living away from home, studying elsewhere | £4,000 |
4
In this regulation, “living support” is the collective term for special support payment, maintenance grant and maintenance loan.