Regulation 53 Amount of the grant for travel – overseas studyI1

The amount of grant payable under regulation 52 in respect of an academic year is calculated as follows—

• $\left(X-\pounds 303\right)+Y$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 52.

• Y is the aggregate of the expenditure incurred in each qualifying quarter specified in regulation 54.