Paragraph 2
(1)
This paragraph shall apply where the student has dependants within the meaning of Part III of Schedule 2.
(2)
In the case of such a student—
(a)
the sum to be disregarded under paragraph 1(1)(a) of Schedule 3 shall be £1,870 instead of £860; or
(b)
where he has made an election in accordance with paragraph 4, his requirements under paragraph 13 of … that Schedule shall be treated as increased by the sum of £1,075,
-
…
whichever is the most favourable to him (disregarding sub-paragraph (b) where, in pursuance of the following paragraph, he elects as there mentioned).