Payments by boards
10.—(1) Subject to regulations 9, 13, 14, 15 and 16 and paragraph 4 of Schedule 3, the board shall in respect of each year pay in pursuance of an award –
(a)in respect of fees, an amount equal to the aggregate of any fees payable in respect of the student as are described in Schedule 5; less –
(i)the amount if any by which the student’s resources exceed his requirements for the purposes of regulation 12(1) (whether or not a maintenance grant is calculated under sub-paragraph (b)), or
(ii)the amount of any income which is not disregarded in the student’s case by virtue of paragraph (1)(b) of Schedule 7,
whichever is the less;
(b)where the award is a full award, in respect of maintenance a sum calculated in accordance with regulation 11.
(2) The aggregate of any sums paid in respect of maintenance shall be called the “maintenance grant”, and so much of the maintenance grant as appears to the board to be appropriate shall be treated as being in respect of the Easter and Christmas vacations.
(3) Subject to regulations 16 and 17 and paragraph 4 of Schedule 3, a board may, in respect of a student who resides in an institution other than a university, pay the amount charged by the institution for his board and lodging.