Calculation of contribution
5.—(1) The contribution payable in relation to an eligible part-time student is—
(a)in any case where the household income exceeds £39,793, £1 for every complete £9.27 by which the household income exceeds £39,793; and
(b)in any case where the household income is £39,793 or less, nil.
(2) The contribution must not in any case exceed £6,208.
(3) The contribution may be adjusted in accordance with paragraph 6.
(4) Where sub-paragraph (5) applies, the aggregate contributions must not exceed £6,208.
(5) This sub-paragraph applies where the household income consists of the residual income of an eligible part-time student and his or her partner where both hold a statutory award.