Maintenance grant — new system eligible students who are not new cohort students
42.—(1) The maximum amount of maintenance grant available to a new system eligible student who is not a new cohort student in respect of an academic year is—
(a)in the case of a type 1 teacher training student, £1,500;
(b)in the case of a type 2 teacher training student, £3,000;
(c)in the case of a type 3 teacher training student, £1,500; and
(d)in the case of a new system eligible student other than a type 1, type 2 or type 3 teacher training student, £3,000.
(2) A type 1 teacher training student who qualifies for a maintenance 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, the eligible student receives £1,500;
(b)where household income exceeds £18,370 but does not exceed £27,852, the eligible student receives an amount equal to M − (A/2) where M is £1,500 and A is £1 for every £5.674 by which the household income exceeds £18,370; and
(c)where the household income exceeds £27,852, or the eligible student opts when applying for the grant not to provide the information needed to calculate the household income, the eligible student receives £664.
(3) A type 2 teacher training student who qualifies for a maintenance 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, the eligible student receives £3,000,;
(b)where the household income exceeds £18,370 but does not exceed £27,852, the eligible student receives an amount equal to M − A where M is £3,000 and A is £1 for every £5.674 by which the household income exceeds £18,370; and
(c)where the household income exceeds £27,852, or the eligible student opts when applying for grant not to provide the information needed to calculate the household income, the eligible student receives £1,329.
(4) A type 3 teacher training student who qualifies for a maintenance 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, the eligible student receives £1,500;
(b)where the household income exceeds £18,370 but does not exceed £27,852, the eligible student receives an amount equal to M − (A/2), where M is £1,500 and A is £1 for every £5.674 by which the household income exceeds £18,370;
(c)where the household income exceeds £27,852 but does not exceed £39,329 the eligible student receives an amount equal to RM − (A/2), where RM is £664 and A is £1 for every £8.97 by which the household income exceeds £27,852;
(d)where the household income exceeds £39,329, no maintenance grant is payable.
(5) A new system eligible student other than a type 1, type 2 or type 3 teacher training student who qualifies for a maintenance 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, the eligible student receives £3,000;
(b)where the household income exceeds £18,370 but does not exceed £27,852, the eligible student receives an amount equal to M − A where M is £3,000 and A is £1 for every £5.674 by which the household income exceeds £18,370;
(c)where the household income exceeds £27,852 but does not exceed £39,329, the eligible student receives an amount equal to RM − A, where RM is £1,329 and A is £1 for every £8.97 by which the household income exceeds £27,852;
(d)where the household income exceeds £39,329, no maintenance grant is payable.