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29.—(1) The basic amount of the grant for fees in respect of an academic year at a private institution is the lesser of £1,255 and the fees payable by the student in connection with that year if—
(a)the designated course began on or after 1st September 2001;
(b)the designated course is provided on behalf of a publicly funded institution; and
(c)none of the circumstances in regulation 21(3) applies.
(2) The amount of the grant for fees in respect of an academic year at a private institution is the lesser of £625 and the fees payable by the student in connection with that year if—
(a)the designated course began on or after 1st September 2001;
(b)the designated course is provided on behalf of a publicly funded institution; and
(c)one or more of the circumstances in regulation 21(3) applies.
(3) Where a contribution exceeding nil is calculated under Schedule 4, a deduction will be made from the basic amount of the grant for fees determined under paragraph (1) or (2) in accordance with regulation 98.
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