PART 8MAINTENANCE LOAN

Amount of maintenance loan: full-time students55

1

Where an eligible student’s present course is a full-time course (a “full-time student”), the amount of maintenance loan payable to the student is calculated as follows—

Maximum amount of maintenance loan available to the student in respect of an academic year.

Minus

Amount of maintenance grant payable to the student under regulation 46.

2

Table 7 sets out the maximum amounts of maintenance loan available in respect of a full-time student where—

a

Column 1 specifies the academic year in relation to which the amounts of maintenance loan specified in Column 4 apply;

b

Column 2 specifies the category of student to whom the maximum amounts in Column 4 apply;

c

Column 3 specifies the location in which the student is living (see paragraph 3 of Schedule 1);

d

Column 4 specifies the maximum amount of loan available in respect of the corresponding entries in Columns 1, 2 and 3.

3

For the purposes of this regulation the categories of student are—

Category 1

An eligible student undertaking—

a

an academic year of a designated course, or

b

the first year of an accelerated graduate entry course,

who is not a Category 2 student.

Category 2

An eligible student undertaking—

a

an academic year in respect of which a student is eligible to apply for—

i

a healthcare bursary, or

ii

a Scottish healthcare allowance,

calculated by reference to the student’s income (whether or not the calculation results in a nil amount), or

b

an academic year of a sandwich course during which the periods of full-time study undertaken by the student are in aggregate less than 10 weeks (unless it is a year to which regulation 44(2) applies).

4

This regulation is subject to regulation 56.

Table 7

Column 1

Academic year

Column 2

Category of student

Column 3

Location of student

Column 4

Maximum amount of maintenance loan available to full-time student

Beginning on or after 1 September 2018

Category 1

Living at home

£6,650

Living away from home, studying in London

£10,250

Living away from home, studying elsewhere

£8,000

Category 2

Living at home

£3,325

Living away from home, studying in London

£5,125

Living away from home, studying elsewhere

£4,000