SCHEDULE 4FINANCIAL ASSESSMENT
Calculation of contribution – current system students9
1
In relation to an eligible student who is a current system student, the contribution payable is—
a
in any case where the household income exceeds £39,796, £1 for every complete £9.27 by which the household income exceeds £39,796; and
b
in any case where the household income is £39,796 or less, nil.
2
The contribution must not in any case exceed £6,210.
3
The contribution may be adjusted in accordance with paragraph 10.
4
Where sub-paragraph (5) applies, the aggregate contributions must not exceed £6,210.
5
This sub-paragraph applies where—
a
a contribution is payable in relation to two or more eligible students (other than old system students) in respect of the same income under paragraph 5 or, where the relevant parent’s partner’s residual income is taken into account, under paragraphs 5 and 7; or
b
the household income consists of the residual income of an independent eligible student and the student’s partner where both hold a statutory award.