42.—(1) The maximum amount of special support grant available to a new system eligible student who is a 2010 cohort student in respect of an academic year is £5,000.
(2) A new system eligible student who is a 2010 cohort student who qualifies for a special support grant in respect of an academic year receives an amount as follows in respect of that year–
(a)where the household income is £18,370 or less, he or she receives £5,000;
(b)where the household income exceeds £18,370 but does not exceed £26,500, he or she receives an amount equal to M−A, where M is £5,000 and A is £1 for every £3.77 by which the household income exceeds £18,370;
(c)where the household income exceeds £26,500 but does not exceed £34,000, he or she receives an amount equal to RM − A, where RM is £2,844 and A is £1 for every £4.315 by which the household income exceeds £26,500;
(d)where the household income exceeds £34,000 but does not exceed £50,020, he or she receives an amount equal to SM − A, where SM is £1,106 and A is £1 for every £15.17 by which the household income exceeds £34,000;
(e)where the household income is £50,020, he or she receives £50; and
(f)where the household income exceeds £50,020, no special support grant is payable.