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Regulation 40 Maximum amount of loans for new system eligible students with full entitlement

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This regulation applies to a new system eligible student with full entitlement (other than a type 1 or type 2 teacher training student, whose contribution exceeds nil).

(2)

Subject to regulations 43 to 48, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year other than a final year of a course that is not an intensive course is equal to

(X-Y)

where —

  • X is —

    1. (i)

      for a student in category 1, £3,580;

    2. (ii)

      for a student in category 2, £6,480;

    3. (iii)

      for a student in category 3, £5,515;

    4. (iv)

      for a student in category 4, £5,515;

    5. (v)

      for a student in category 5, £4,625;

  • Y is the maintenance grant amount.

(3)

Subject to regulations 43 to 48, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year that is the final year of a course that is not an intensive course is equal to

(X-Y)

where —

  • X is —

    1. (i)

      for a student in category 1, £3,240;

    2. (ii)

      for a student in category 2, £5,900;

    3. (iii)

      for a student in category 3, £4,795;

    4. (iv)

      for a student in category 4, £4,795;

    5. (v)

      for a student in category 5, £4,795;

  • Y is the maintenance grant amount.

(4)

In this regulation, “the maintenance grant amount” (“swm y grant cynhaliaeth”) is —

(a)

where the student qualifies under regulation 36 for an amount of maintenance grant not exceeding £1,255, the amount of maintenance grant payable;

(b)

where the student qualifies under regulation 36 for an amount of maintenance grant exceeding £1,255; and

(c)

where no maintenance grant is payable, nil.