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24. The fee payable to the Department by a part-time student in the current academic year in respect of a part-time higher education course is the fee specified in Column 2 of the table in Schedule 1 which is opposite the fee code for that student in Column 1 of the table and applying the following formula rounded to the nearest £5—
Where—
CF is the fee payable by a full-time student for the current academic year on a full-time equivalent.
CI is the intensity of study calculated using the formula in regulation 13 and expressed as a percentage.
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