After regulation 65(1) insert–
(2) Notwithstanding paragraph (1) and regulation 71(2), if in the opinion of the Secretary of State the circumstances set out in paragraph (3) apply, the maximum amount of a loan for living costs or a long courses loan is increased in respect of an academic year which begins on or after 1st September 2008 and before 1st September 2009, in accordance with paragraph (4).
(3) The circumstances are that –
(a) the Secretary of State has notified the eligible student of the amount of a loan payable in respect of the academic year which begins on or after 1st September 2008 and before 1st September 2009 pursuant to regulation 8(3), and the amount notified has been incorrectly calculated under paragraphs 10, 11 and 12 of Schedule 4; and
(b) the Secretary of State is paying or has paid the loan by way of three instalments pursuant to regulation 110(1).
(4) The amount of the increase of the maximum amount is a sum equal to the difference between–
(a) the amount which the eligible student would have received by way of a third instalment had the amount notified under paragraph (3)(a) been correctly calculated; and
(b) the amount of the loan remaining to be paid after any action taken pursuant to regulation 110(13), including where the amount is nil.