Paragraph 3
(1)
This paragraph shall apply in the case of a student with one or more child dependants under the age of 19 years and for the purpose of this paragraph “ child” shall have the same meaning as in Part III of Schedule 2.
(2)
Such a student may elect that the sum specified as his requirements in Part III of Schedule 2 shall be disregarded and that instead there shall in calculating his income be disregarded £2,500 in respect of his only or eldest such child and £790 in respect of every other such child.