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Regulation 101 Minimum level of loan for living costsI1

United Kingdom Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to paragraphs (2) and (3), the “minimum level for the academic year” in regulation 68(5) and 100(d) is—

(a)

£2,755, in the case of a student in category A;

(b)

£4,982, in the case of a student in category B;

(c)

£4,240, in the case of a student in category C;

(d)

£3,559, in the case of a student in category D.

(2)

Subject to paragraph (3), where the academic year in question is the final year of a course other than an intensive course, the “minimum level for the academic year” is—

(a)

£2,489, in the case of a student in category A;

(b)

£4,536, in the case of a student in category B;

(c)

£3,686, in the case of a student in category C;

(d)

£3,293, in the case of a student in category D.

(3)

Where different categories apply for different quarters of the academic year, the minimum levels in paragraphs (1) and (2) are the aggregate of the amounts determined under paragraph (4) for each of the quarters in respect of which a loan is payable.

(4)

The amount determined for each quarter is one third of the amount in paragraph (1) or (2) which corresponds to the rate applicable for the quarter.

(5)

The rate applicable for a quarter is determined in accordance with regulation 75.

(6)

Categories A to D have the meaning given in regulation 82.

Annotations

Commencement

I1

Reg. 101 in force at 1.9.2008, see reg. 1(3)