PART 9FINANCIAL ASSESSMENT
Calculation of contribution
60.—(1) An eligible student’s contribution in respect of an academic year is the amount, if any, calculated under Schedule 5.
(2) The Welsh Ministers may require an eligible student to provide from time to time such information as they consider necessary as to the income of any person whose means are relevant to the assessment of the eligible student’s contribution.
Application of contribution
61.—(1) An amount equal to the contribution or the remainder of the contribution, as the case may be, calculated under Schedule 5, is to be applied until it is extinguished against the amount of the particular grants and loans for which the eligible student qualifies as follows—
(a)first, to reduce ADG;
(b)second, to reduce CCG;
(c)third, to reduce PLA;
(d)fourth, to reduce LLC to no less than the minimum level for the academic year;
(e)fifth, to reduce GFT.
(2) In this regulation—
(a)ADG is the amount, if any, of the adult dependants’ grant calculated in accordance with regulation 30;
(b)CCG is the amount, if any, of the childcare grant calculated in accordance with regulation 30;
(c)GFT is the amount of the grant for travel for which the eligible student qualifies under regulation 33, if any;
(d)LLC is the amount of loan for living costs, if any, for which the eligible student (other than a student with reduced entitlement) qualifies under Part 6 to no less than the minimum level for the academic year specified in paragraph (3);
(e)PLA is the amount, if any, of the parents’ learning allowance calculated under regulation 30 (except the first £50 of the allowance).
(3) Subject to paragraphs (4) and (5), the “minimum level for the academic year” (“lefel isaf am y flwyddyn academaidd”) in regulation 61(1)(e) is, in the case of a student in—
(a)category 1, £3,121;
(b)category 2, £5,649;
(c)category 3, £4,807;
(d)category 4, £4,807;
(e)category 5, £4,032.
(4) Subject to paragraph (5), where the academic year in question is the final year of a course other than an intensive course, the “minimum level for the academic year” (“lefel isaf am y flwyddyn academaidd”) is, in the case of a student in—
(a)category 1, £2,825;
(b)category 2, £5,143;
(c)category 3, £4,181;
(d)category 4, £4,181;
(e)category 5, £3,735.
(5) Where different categories apply to an eligible student for different quarters of the academic year, the minimum levels in paragraphs (3) and (4) are the aggregate of the amounts determined under paragraph (6) for each of the three quarters in respect of which a loan is payable.
(6) The amount determined for each quarter is one third of the amount in paragraph (3) or (4) which corresponds to the rate applicable for the quarter.
(7) This paragraph applies to type 1 and type 2 teacher training students who qualify for a maintenance grant and whose contribution exceeds nil.
(8) The loan for living costs payable in respect of an academic year to a student to whom paragraph (7) applies is calculated as follows—
where
A is the amount of loan for living costs left after applying the contribution in accordance with this Part; and
B is the amount of maintenance grant payable to the eligible student.
(9) Categories 1 to 5 have the meaning given in regulation 57.