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5.—(1) In these Regulations, a reference to the intensity of study in relation to a part-time course is a reference to the lower of—
(a)the percentage calculated in accordance with sub-paragraph (2), or
(b)75%.
(2) The percentage is calculated as follows—
Where—
PT is the number of modules, credits, credit points, points or other units to be awarded to the student undertaking the part-time course by the academic authority if the student successfully completes the academic year in connection with which the student is applying for support, and
FT is—
where the course is provided by or on behalf of the Open University, 120;
where the course is provided by or on behalf of any other institution, the number of modules, credits, credit points, points or other units that a standard full-time student would be required to obtain in each academic year in order to complete the full-time equivalent within the period ordinarily required to complete that course.
(3) For the purposes of sub-paragraph (2)—
(a)“full-time equivalent” means a full-time course leading to the same qualification as the part-time course in question;
(b)the “period ordinarily required to complete the full-time equivalent” means the period in which a standard full-time student would complete the full-time equivalent;
(c)“standard full-time student” means a student who is taken—
(i)to have started the full-time equivalent on the same date as the student undertaking the part-time course in question,
(ii)not to have been excused any part of the full-time equivalent,
(iii)not to have repeated any part of the full-time equivalent, and
(iv)not to have been absent from the full-time equivalent other than during vacations.
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