Regulation 157G Maximum amount of loans for living costs: eligible part-time students with full entitlementF1

Subject to Chapters 3 and 4 of this Part and F2paragraphs (1A) and (5), the maximum amount of loan for living costs for which an eligible part-time student with full entitlement qualifies in respect of an academic year of a designated part-time course is equal to—

where—

• A is the relevant intensity of study; and

• X is—

  1. (a)

     for a student in category A, F3£9,118;

  2. (b)

     for a student in category B, F4£14,135;

  3. (c)

     for a student in category C, F5£12,403;

  4. (d)

     for a student in category D, F6£10,830; and

• Y is—

  1. (a)

     for a student in category A, £1 for every complete £6.54 by which the student’s household income exceeds £25,000;

  2. (b)

     for a student in category B, £1 for every complete £6.36 by which the student’s household income exceeds £25,000;

  3. (c)

     for a student in category C, £1 for every complete £6.41 by which the student’s household income exceeds £25,000;

  4. (d)

     for a student in category D, £1 for every complete £6.47 by which the student’s household income exceeds £25,000.

Where the eligible part-time student with full entitlement referred to in paragraph (1) is an eligible part-time care leaver, the formula in that paragraph is to be read as “A x X”.

Subject to paragraph (4), the maximum amount of loan for living costs calculated in accordance with paragraph (1) is made up of—

The amount of special support loan is—

where—

• A is the relevant intensity of study; and

• Z is F8£4,582.

Where the amount of special support loan calculated in accordance with paragraph (3) is equal to or higher than the amount calculated in accordance with paragraph (1)—

Where the maximum amount of loan for living costs is calculated in accordance with paragraph (1) and is less than the minimum level for the academic year specified in regulation 157J, the minimum level for the academic year is payable.