Regulation 5 Amounts of loans
Subject to paragraphs (3) and (4), in the case of a student attending a course at the University of London or at any institution within the area comprising the City of London and the metropolitan police district, the maximum amount of the loan in relation to any academic year shall be–
if the year is the final year of the course, £240 if he resides at his parents' home, and £340 if he does not; and
if the year is any other year of the course, £330 if he resides at his parents' home, and £460 if he does not.
Subject to paragraphs (3) and (4), in the case of any other student the maximum amount of the loan in relation to any academic year shall be–
if the year is the final year of the course, £240 if he resides at his parents' home, and £310 if he does not; and
if the year is any other year of the course, £330 if he resides at his parents' home, and £420 if he does not.
Where a student’s course includes a period of residence in a country other than the United Kingdom throughout an academic year, the maximum amount of the loan in relation to that academic year shall be £310 if the year is the final year of the course and £420 if it is not.
For the purposes of paragraphs (1) and (2) a year of a course for the Postgraduate Certificate in Education shall not be treated as a final year, and a person’s place of residence is his place of residence on the date a certificate is given in respect of him pursuant to regulation 11.