Memorandum - Student Loans Company

F2: THE HIGHER EDUCATION GRANTThis is a grant of up to £1,000 available to old system students who began courses in academicyears 2004/05 and 2005/06. In 2013/14, continuing full-time old system students who have ahousehold income of £16,765 or less are eligible for the maximum grant. Students who have ahousehold income of more than £16,765 but less than £22,750 are eligible for £1 less than themaximum grant for each complete £6.30 by which their household income exceeds £16,765,subject to a minimum grant of £50. Where the household income exceeds £22,750, no grant ispayable.GRANT ENTITLEMENT FOR ILLUSTRATIVE LEVELS OF INCOMEHOUSEHOLDINCOMEAMOUNT OF GRANTAVAILABLEHOUSEHOLDINCOMEAMOUNT OF GRANTAVAILABLE16,765 1,000 20,000 48717,000 963 20,500 40817,500 884 21,000 32818,000 804 21,500 24918,500 725 22,000 17019,000 646 22,500 9019,500 566 22,750(1) 50(1) Where the household income exceeds £22,750, the student is not eligible for any Higher Education Grant.33