Regulation 54 Amount of the grant for travel – overseas studyI1

The amount of grant payable under regulation 53 in respect of an academic year is calculated as follows—

• $\left(X-\pounds 309\right)+Y$where—

• X is the aggregate of the reasonable travel costs that the eligible student is obliged to incur in each qualifying quarter for the purposes set out in regulation 53.

• Y is the aggregate of the expenditure incurred in each qualifying quarter specified in regulation 55.