Maximum amount of loans for new system eligible students with full entitlement who are not new cohort students
48.—(1) This regulation applies to a new system eligible student with full entitlement who is not a new cohort student (other than a type 1 or type 2 teacher training student whose contribution exceeds nil).
(2) Subject to regulations 53 to 58, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year other than a final year of a course that is not an intensive course is equal to (X−Y) where—
X is, for such a student in—
category 1, £3,673;
category 2, £6,648;
category 3, £5,658;
category 4, £5,658;
category 5, £4,745;
Y is the maintenance grant amount.
(3) Subject to regulations 53 to 58, the maximum amount of loan for living costs for which a student to whom this regulation applies qualifies in respect of an academic year that is the final year of a course that is not an intensive course is equal to (X−Y) where—
X is, for such a student in—
category 1, £3,324;
category 2, £6,053;
category 3, £4,920;
category 4, £4,920;
category 5, £4,396;
Y is the maintenance grant amount.
(4) In this regulation, “the maintenance grant amount” (“swm y grant cynhaliaeth”) is—
(a)where the new system eligible student referred to in paragraph (1) qualifies under regulation 38 for an amount of maintenance grant not exceeding £1,288, the amount of maintenance grant payable;
(b)where the new system eligible student referred to in paragraph (1) qualifies under regulation 38 for an amount of maintenance grant exceeding £1,288; and
(c)where no maintenance grant is payable, nil.