PART 5GRANTS FOR LIVING AND OTHER COSTS
CHAPTER 6MAINTENANCE GRANTS FOR CURRENT SYSTEM STUDENTS
Amount of the maintenance grant
59.—(1) The maximum amount of maintenance grant available in respect of an academic year is—
(a)in the case of a type 1 or type 3 teacher training student, £1,703;
(b)in the case of a type 2 teacher training student, £3,406; and
(c)in the case of a current system student other than a type 1, type 2 or type 3 teacher training student, £3,406.
(2) A type 1 teacher training student who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—
(a)where the household income is £18,820 or less, the student receives £1,703;
(b)where the household income exceeds £18,820 but does not exceed £28,439 the student receives an amount equal to
where
M is £1,703
A is £1 for every complete £4.55 by which the household income exceeds £18,820; and
(c)where the household income exceeds £28,439 or the student opts when applying for the grant not to provide the information needed to calculate the household income, the student receives £646.
(3) A type 2 teacher training student who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year —
(a)where the household income is £18,820 or less, the student receives £3,406;
(b)where the household income exceeds £18,820 but does not exceed £28,439, the student receives an amount equal to 
M is £3,406
A is £1 for every complete £4.55 by which the household income exceeds £18,820; and
(c)where the household income exceeds £28,439 or the student opts when applying for the grant not to provide the information needed to calculate the household income, the student receives £1,292.
(4) A type 3 teacher training student who qualifies for a maintenance grant in respect of an academic year receives, subject to sub-paragraph (c), an amount as follows in respect of that year—
(a)where the household income is £18,820 or less, the student receives £1,703;
(b)where the household income exceeds £18,820 but does not exceed £40,238, the student receives an amount equal to 
M is £1,703
A is £1 for every complete £4.55 by which the household income exceeds £18,820 but does not exceed £28,439
B is £1 for every complete £9.50 by which the household income exceeds £28,439 but does not exceed £40,238; and
(c)where the household income exceeds £40,238, no maintenance grant is payable.
(5) A current system student other than a type 1, type 2 or type 3 teacher training student who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—
(a)where the household income is £18,820 or less, the student receives £3,406;
(b)where the household income exceeds £18,820 but does not exceed £28,439, the student receives an amount equal to 
M is £3,406
A is £1 for every complete £4.55 by which the household income exceeds £18,820;
(c)where the household income exceeds £28,439 but does not exceed £40,238, the student receives an amount equal to 
RM is £1,292
A is £1 for every complete £9.50 by which the household income exceeds £28,439;
(d)where the household income exceeds £40,238, no maintenance grant is payable.