Memorandum - Student Loans Company

E4: SPECIAL SUPPORT GRANT AND LOAN ENTITLEMENT FOR ILLUSTRATIVE LEVELSOF INCOME (Excluding Type 1 and Type 2 and excluding Type 3 initial teacher training students – see TablesD5 to D8)INCOME(£)ASSESSEDCONTRIBUTION(£)SPECIALSUPPORTGRANT (£)MAINTENANCELOAN (£)TOTAL SPECIALSUPPORT GRANTPLUS LOAN (£)Student living atMaximum £3,987home18,370 0 3,000 3,987 6,98720,000 0 2,713 3,987 6,70025,000 0 1,832 3,987 5,81927,852 0 1,329 3,987 5,31630,000 0 1,090 3,987 5,07735,000 0 533 3,987 4,52039,329 0 50 3,987 4,03739,778 0 0 3,987 3,98740,000 24 0 3,963 3,96345,000 582 0 3,405 3,40548,722 997 0 2,990(+) 2,990Student studying inMaximum £7,215London18,370 0 3,000 7,215 10,21520,000 0 2,713 7,215 9,92825,000 0 1,832 7,215 9,04727,852 0 1,329 7,215 8,54430,000 0 1,090 7,215 8,30535,000 0 533 7,215 7,74839,329 0 50 7,215 7,26539,778 0 0 7,215 7,21540,000 24 0 7,191 7,19145,000 582 0 6,633 6,63350,000 1,139 0 6,076 6,07655,951 1,803 0 5,412(+) 5,412Student studyingMaximum £5,150outside London18,370 0 3,000 5,150 8,15020,000 0 2,713 5,150 7,86325,000 0 1,832 5,150 6,98227,852 0 1,329 5,150 6,47930,000 0 1,090 5,150 6,24035,000 0 533 5,150 5,68339,329 0 50 5,150 5,20039,778 0 0 5,150 5,15040,000 24 0 5,126 5,12645,000 582 0 4,568 4,56850,000 1,139 0 4,011 4,01151,323 1,287 0 3,863(+) 3,863For income between £18,371 and £27,852, the grant is reduced by £1 for every complete £5.674 by which the income exceeds £18,370. Forincome between £27,853 and £39,329, the grant is reduced by £1 for every complete £8.97 by which the income exceeds £27,852.A student whose income is £39,329 will be eligible for the minimum grant of £50. A student whose income exceeds £39,329 will not be eligiblefor any grant.Where students’ income exceeds £39,778, the amount of loan to which they are entitled is reduced by £1 for every complete £8.97 by which theincome exceeds £39,778 until 75% of the full maintenance loan remains. This point is indicated by (+) in the table above.24