Regulation 40 Maximum amount of loans for new system eligible students with full entitlement
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).
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
where —
-
X is —
- (i)
for a student in category 1, £3,580;
- (ii)
for a student in category 2, £6,480;
- (iii)
for a student in category 3, £5,515;
- (iv)
for a student in category 4, £5,515;
- (v)
for a student in category 5, £4,625;
- (i)
-
Y is the maintenance grant amount.
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
where —
-
X is —
- (i)
for a student in category 1, £3,240;
- (ii)
for a student in category 2, £5,900;
- (iii)
for a student in category 3, £4,795;
- (iv)
for a student in category 4, £4,795;
- (v)
for a student in category 5, £4,795;
- (i)
-
Y is the maintenance grant amount.
In this regulation, “the maintenance grant amount” (“swm y grant cynhaliaeth”) is —
where the student qualifies under regulation 36 for an amount of maintenance grant not exceeding £1,255, the amount of maintenance grant payable;
where the student qualifies under regulation 36 for an amount of maintenance grant exceeding £1,255; and
where no maintenance grant is payable, nil.