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The Repayment of Student Loans and Postgraduate Master’s Degree Loans (Amendment) Regulations 2017

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Amendment of regulation 7

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7.  In regulation 7(1) (application to transferred loans in England and Wales)—

(a)in the definition of “the Authority”, at the end, omit “and”;

(b)after the definition of “the Authority”, insert—

““postgraduate master’s degree loan” means, subject to any provisions of transfer arrangements, the total outstanding—

(a)

principal owed by a person to a loan purchaser pursuant to—

(i)

the 2016 Postgraduate Regulations; or

(ii)

the 2017 Postgraduate Wales Regulations; and

(b)

interest, penalties and charges owed by a person to a loan purchaser pursuant to these Regulations in connection with the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations; and”;

(c)for the definition of “student loan”, substitute—

““student loan” means, subject to any provisions of transfer arrangements, the total outstanding principal, interest, penalties and charges owed by a person to a loan purchaser pursuant to—

(a)

these Regulations, other than any interest, penalties and charges owed in connection with the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations; and

(b)

any other Regulations made under section 22 of the 1998 Act, other than the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations.”.

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