OpenLegislation

Paragraph 9 Calculation of contribution — new system eligible students

Original text. Later amendments are not shown.

(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 £39,780, £1 for every complete £9.50 by which the household income exceeds £39,780; and

(b)

in any case where the household income is £39,780 or less, nil.

(2)

The contribution must not in any case exceed £6,060.

(3)

The contribution may be adjusted in accordance with paragraph 10 or 11.

(4)

Where sub-paragraph (5) applies, the aggregate contributions must not exceed £6,060.

(5)

This sub-paragraph applies where—

(a)

a contribution is payable in relation to two or more eligible students (other than 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 paragraphs 5 and 7; or

(b)

the household income consists of the residual income of an independent eligible student and his or her partner where both hold a statutory award.