Paragraph 8 Calculation of contribution – eligible studentsI1

England and Wales

(1)

Where the eligible student is a 2010 cohort student or a 2012 cohort student, the contribution payable is—

(a)

in any case where the household income exceeds £50,753, £1 for every £5 by which the household income exceeds £50,753; and

(b)

in any case where the household income is £50,753 or less, nil.

(2)

Where the eligible student is a 2011 cohort student, the contribution payable is—

(a)

in any case where the household income exceeds £50,448, £1 for every £5 by which the household income exceeds £50,448; and

(b)

in any case where the household income is £50,448 or less, nil.

(3)

The contribution must not in any case exceed £6,208.

(4)

The contribution may be adjusted in accordance with paragraph 9.

(5)

Where sub-paragraph (6) applies, the aggregate contributions must not exceed £6,208.

(6)

This sub-paragraph applies where—

(a)

a contribution is payable in relation to two or more eligible students in respect of the same income under paragraph 5 or, where the relevant parent’s partner’s residual income is taken into account, under paragraphs 5 and 7; or

(b)

the household income consists of the residual income of an independent eligible student and the independent eligible student’s partner where both hold a statutory award.

Annotations

Commencement

I1: Sch. 5 para. 8 in force at 17.2.2017, see reg. 1(2)