94.—(1) Subject to paragraphs (2) and (5), the “minimum level for the academic year” in regulation 93(d) for a current system student is—
(a)£2,620, in the case of a student in category A;
(b)£4,735, in the case of a student in category B;
(c)£4,030, in the case of a student in category C;
(d)£3,385, in the case of a student in category D.
(2) Subject to paragraph (5), where the academic year in question is the final year of a course other than an intensive course, the “minimum level for the academic year” is—
(a)£2,365, in the case of a student in category A;
(b)£4,315, in the case of a student in category B;
(c)£3,505, in the case of a student in category C;
(d)£3,130, in the case of a student in category D.
(3) Subject to paragraphs (4) and (5), the “minimum level for the academic year” for an old system student is—
(a)£2,005, in the case of a student in category A;
(b)£4,825, in the case of a student in category B;
(c)£3,885, in the case of a student in category C;
(d)£3,020, in the case of a student in category D.
(4) Subject to paragraph (5), where the academic year in question is the final year of a course other than an intensive course, the “minimum level for the academic year” for an old system student is—
(a)£1,665 in the case of a student in category A;
(b)£4,260, in the case of a student in category B;
(c)£3,185, in the case of a student in category C;
(d)£2,685, in the case of a student in category D.
(5) Where different categories apply for different quarters of the academic year, the minimum levels in paragraphs (1) and (2) are the aggregate of the amounts determined under paragraph (4) for each of the quarters in respect of which a loan is payable.
(6) The amount determined for each quarter is one third of the amount in paragraph (1), (2), (3) or (4) which corresponds to the rate applicable for the quarter.
(7) The rate applicable for a quarter is determined in accordance with regulation 71.
(8) Categories A to D have the meaning given in regulation 78.