93. The contribution or the remainder of the contribution, as the case may be, is to be applied as follows—
(a)first, to reduce the amount of adult dependants’ grant calculated in accordance with regulation 49;
(b)second, to reduce the childcare grant calculated in accordance with regulation 49;
(c)third, to reduce the parents’ learning allowance calculated in accordance with regulation 49 (except the first £50 of the allowance);
(d)fourth, to reduce the loan for living costs for which the eligible student (other than a student with reduced entitlement) qualifies under Part 6 to no less than the minimum level for the academic year specified in regulation 94;
(e)fifth, to reduce the grant for travel calculated in accordance with Chapter 5 of Part 5.