Regulation 63 Amount of the higher education grant
As made
(1)
The maximum amount of higher education grant available in respect of an academic year is £1,000.
(2)
An old system student who qualifies for a higher education grant receives an amount as follows—
(a)
where the household income is £16,750 or less, the student receives £1,000;
(b)
where the household income exceeds £16,750 and does not exceed £22,735, the student receives an amount equal to where—
-
M is £1,000
-
A is £1 for every complete £6.30 by which the household income exceeds £16,750; and
(c)
where the household income exceeds £22,735, no higher education grant is payable.