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

Amendment of regulation 15

9.—(1) Regulation 15 (timing of repayments: general) is amended as follows.

(2) In paragraph (1), after “a student loan”, insert “or a postgraduate master’s degree loan”.

(3) In paragraph (2)(1)—

(a) for “(2A), (2B) and (2C)”, substitute “(2A) and (2B)”;

(b) for “borrower”, both times it appears, substitute “student loan borrower”;

(c) after “the 1998 Act”, insert “in respect of a student loan”.

(4) After paragraph (2), insert—

“(2ZA) Subject to paragraph (2C) a postgraduate master’s degree loan borrower is not required to repay any part of the postgraduate master’s degree loan before the start of the following tax year commencing on 6 April after a postgraduate master’s degree loan borrower ceases to be eligible for a loan under Part 1 of the 2016 Postgraduate Regulations or Part 4 of the 2017 Postgraduate Wales Regulations, whether by reason of having completed that course or otherwise.”.

(5) In paragraphs (2A) and (2B)(2), omit “Subject to paragraph (2C)”.

(6) For paragraph (2C)(3), substitute—

“(2C) A postgraduate master’s degree loan borrower is not required to repay any part of the postgraduate master’s degree loan under paragraph (2ZA) before—

(a) 6 April 2019, in the case of a loan made under Part 1 of the 2016 Postgraduate Regulations; or

(b) 6 April 2019, in the case of a loan made under Part 4 of the 2017 Postgraduate Wales Regulations.”.

(7) In paragraph (7), after “student loan”, insert “or postgraduate master’s degree loan”.

(1)

Paragraph (2) was amended by S.I. 2012/1309.

(2)

Paragraphs (2A) and (2B) were inserted by S.I. 2012/1309.

(3)

Paragraph (2C) was inserted by S.I. 2012/1309.