Paragraph 9 Calculation of contribution- new system students

(1)

In relation to an eligible student who is a new system eligible student, the contribution payable is—

(a)

in any case where the household income exceeds £37,900, £1 for every complete £9.50 by which the household income exceeds £37,900; and

(b)

in any case where the household income is £37,900 or less, nil.

(2)

The contribution must not in any case exceed £7,430.

(3)

Where sub-paragraph (4) applies, the aggregate contributions must not exceed—

(a)

£7,430; or

(b)

the contribution which would have been payable if only one eligible student held an award.

(4)

This sub-paragraph applies where a contribution is payable in relation to—

(a)

two or more old system eligible students in respect of the same income under paragraph 5 or, where the relevant parent’s partner’s residual income is taken into account, under paragraph 5 and 7; or

(b)

two or more independent eligible students who are each with a partner in respect of the same household income.