Regulation 51 Reduction for household income – students with full entitlement under the age of 60I1

England and Wales

(1)

Subject to paragraph (3), the maximum loan entitlement of an eligible student described in regulation 43(1)(b) is reduced, if applicable, by the loan reduction value “LRV”.

(2)

The LRV is—

(a)

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

(b)

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

(c)

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

(d)

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

(3)

The maximum loan entitlement of an eligible student must not be reduced under this regulation to less than the minimum amount.

(4)

For the purposes of paragraph (3), the minimum amount is—

(a)

for a student in category A in the final year of the course, £3,687;

(b)

for a student in category A in a course year other than the final year, £4,013;

(c)

for a student in category B in the final year of the course, £6,413;

(d)

for a student in category B in a course year other than the final year, £7,039;

(e)

for a student in category C in the final year of the course, £5,210;

(f)

for a student in category C in a course year other than the final year, £5,996;

(g)

for a student in category D in the final year of the course, £4,693;

(h)

for a student in category D in a course year other than the final year, £5,048.

Annotations

Commencement

I1: Reg. 51 in force at 1.9.2026, see reg. 1(1)(b)