Regulation 18(3)
1. This Schedule shall apply in the case of a student who does not ordinarily live with a spouse or with another person as a spouse.
2.—(1) This paragraph shall apply where the student has dependants within the meaning of Part III of Schedule 2.
(2) In the case of such a student—
(a)the sum to be disregarded under paragraph l (l) (a) of Schedule 3 shall be £1,960 instead of £900; or
(b)where he has made an election in accordance with paragraph 3, his requirements under paragraph 13 of … Schedule 2 shall be treated as increased by the sum of £1,125,
whichever is the most favourable to him (disregarding sub-paragraph (b) where, in pursuance of the following paragraph, he elects as mentioned therein).
…
3.—(1) A student may elect not to receive an increase to the dependants requirement under paragraph 14 of Part III of Schedule 2 at any time before or during the year.
(2) No further election may be made following the revocation of an election under sub-paragraph (1).