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81.—(1) Subject to paragraphs (2) and (3), an eligible student or person treated as an eligible student qualifies for a college fee loan in connection with the student’s attendance on a qualifying course if the student—
(a)has an honours degree from an institution in the United Kingdom;
(b)is taking a qualifying course which the student—
(i)began on or after 1st September 2006 and on which the student is continuing after 31st August 2009; or
(ii)begins on or after 1st September 2009;
(c)is a member of a college or a permanent private hall of the University of Oxford or a member of a college of the University of Cambridge; and
(d)was under the age of 60 on the first day of the first academic year of the qualifying course.
(2) An eligible student who falls within paragraph 9 of Part 2 of Schedule 2 does not qualify for a college fee loan under this Part if the student is ordinarily resident in England or Wales.
(3) An eligible student who falls within paragraph 9 of Part 2 of Schedule 2 and who is ordinarily resident in Scotland does not qualify for a college fee loan if the student is settled in the United Kingdom other than by reason of having acquired the right of permanent residence or if the student is the family member of such a person.
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