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31.—(1) This regulation applies where, in relation to a transfer under regulation 28—
(a)the old course is a full-time course and the new course is a part-time course, or
(b)the old course is a part-time course and the new course is a full-time course.
(2) Where this regulation applies, the total amount of any grants and maintenance loan payable to the eligible student for the academic year is to be reassessed by the Welsh Ministers as follows—
Calculate, in accordance with Parts 7 to 11, the amounts of any grants and maintenance loan that would have been payable in respect of—
(a)the old course, and
(b)the new course,
for the whole academic year.
Reduce those amounts by multiplying them by the appropriate fraction.
The total of the two amounts arrived at under Step 2 is the total amount of grants and maintenance loan payable to the student for the academic year during which the transfer occurs.
(3) In Step 2 of paragraph (2), the appropriate fraction in relation to the old course is the fraction where—
(a)the numerator is the number of days in the academic year up to and including the day on which the transfer occurs, and
(b)the denominator is the total number of days in the academic year.
(4) In Step 2 of paragraph (2), the appropriate fraction in relation to the new course is the fraction where—
(a)the numerator is the number of days remaining in the academic year after the day on which the transfer occurs, and
(b)the denominator is the total number of days in the academic year.
(5) For the avoidance of doubt, where the start date of the academic year of the new course is later than the start date of the academic year of the old course, references in paragraph (4) to the academic year are to the academic year of the new course.
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