Paragraph 1 Calculation of student’s income

the first £820 of income of any description…;

the first £3,865 of any payment by way of–

• …

any grant to facilitate teacher training paid to the student under regulations made under section 50(1) of the Education (No.2) Act 1986^f1;

in the case of a student for whose benefit any income is applied or any payments are required to be applied as described in paragraph 5(5)–

any pension, allowance or other benefit paid by reason of a disability or incapacity to which the student is subject…

any bounty…received as a reservist with the armed forces…;

remuneration for work done during any academic year of the student’s course;

in the case of a student in whose case a parental contribution is by virtue of Part II of this Schedule applicable (at whatever amount, including nil, that contribution is ascertained to be) any payment which is made under covenant by a parent by reference to whose income that contribution falls to be ascertained;

any payment made for a specific educational purpose otherwise than to meet such fees as are mentioned in Part III and living costs as are mentioned in Parts IV and V;

child benefit payable under Part IX of the Social Security Contributions and Benefits Act 1992^f2;

any allowance payable to the student by an adoption agency in accordance with regulations made under section 57A of the Adoption Act 1976^f3;

any guardian’s allowance to which he is entitled under section 77 of the Social Security Contributions and Benefits Act 1992;

in the case of a student with whom a child in the care of a local authority is boarded out, any payment made to him in pursuance of section 23 of the Children Act 1989^f4;

any payments made to the student in pursuance of an order made under section 34 of the Children Act 1975^f5 or under section 15 of and Schedule 1 to the Children Act 1989 in respect of a person who is not his child, or any assistance given by a local authority pursuant to section 24 of that Act;

income support or family credit under Part VII of the Social Security Contributions and Benefits Act 1992;

any housing benefit or community charge benefits granted to the student in pursuance of a statutory or local scheme under Part VII of the Social Security Contributions and Benefits Act 1992 or any council tax benefit granted to him in pursuance of a statutory or local scheme under that Act;

the first £3,105 of any pension, allowance or other benefit payable by reason of the student’s old age, his retirement, the death of his spouse or parent or another person on whom he was wholly or mainly financially dependent, or by reason of his military or other public service;

any payments made to the student under the action scheme of the European Community for the mobility of university students known as ERASMUS^f6, the European Community programme for foreign language competence known as LINGUA^f7 or the European Community programme…known as LEONARDO DA VINCI^f8;

any payment made to the student out of access funds held by the institution at which he attends his course.

if, in the opinion of the authority, the obligation had been reasonably so incurred, an amount equal to the payment in question;

if, in their opinion, only a lesser obligation could have been reasonably so incurred, such correspondingly lesser amount (if any) as appears to them appropriate;

if the student purchases sterling with the income the amount of sterling the student receives for it, and

otherwise the value of the sterling which the income would purchase using the rate for the month in which it is received published by the Office for National Statistics in “Financial Statistics”.