[F1 PART 13 N.I.MASTER’S, ETC. FEE LOAN

Textual Amendments

F1 Pt. 13 inserted (with application in accordance with reg. 1(2) of the amending Rule) by The Education (Student Support) (No.2) (Amendment) and Education (Student Loan) (Repayment) (Amendment) Regulations (Northern Ireland) 2017 (S.R. 2017/7), regs. 1(1), 43, Sch. 1

Amount of Master’s, etc. fee loan N.I.

156.— (1) Where sub-paragraph (a) of regulation 155(2) applies, the amount of the Master’s, etc. fee loan in respect of the academic year of the designated Master’s, etc. course must not exceed the lesser of—

(a) £5,500, (the yearly cap); and

(b) the fees charged to the student in respect of the academic year of the designated Master’s, etc. course.

(2) Where sub-paragraph (b) of regulation 155(2) applies, the amount of the Master’s, etc. fee loan available in respect of each academic year of the designated Master’s, etc. course must not exceed the lesser of—

(a) £2,750.00, (the yearly cap); and

(b) the fees charged to the student in respect of each academic year of the designated Master’s, etc. course.

(3) Where sub-paragraph (c) of regulation 155(2) applies the amount of a Master’s, etc. fee loan in respect of each academic year of the designated Master’s, etc. must not exceed the lesser of —

(a) £1,834, (the yearly cap); and

(b) the fees charged to the student in respect of each academic year of the designated Master’s, etc. course.

(4) If a student’s status as an eligible Master’s, etc. student is transferred from one designated Master’s, etc. course to another under this Part and the circumstances in paragraph (5) apply, the student may apply to the Department to borrow an additional amount of Master’s etc. fee loan in respect of the designated Master’s, etc. course to which that student transfers.

(5) The circumstances are that the fees payable in respect of the designated Master’s, etc. course to which the eligible Master’s, etc. student transfers exceed the fees payable in respect of the designated Master’s, etc. course from which the student is transferring.

(6) Where the circumstances in paragraph (5) apply, the maximum additional amount that the Master’s, etc. student may borrow in respect of the academic year of the designated Master’s, etc. course to which that student transfers, provided that the student qualifies for a Master’s, etc. fee loan in respect of that year, is determined by deducting the amount of any Master’s, etc. fee loan the student has taken out under this Part in respect of the designated Master’s, etc. course from which the student is transferring from the lesser of—

(a) £5,500.00; and

(b) the fees charged to the student in respect of the academic year to which the student is transferring.

(7) If a student’s status as eligible Master’s etc. student is transferred from one designated Master’s etc. course to another under this Part and the circumstances in paragraph (8) apply, the yearly cap set out at paragraph (2)(a) or (3)(a) (whichever is applicable), does not apply and any remaining Master’s, etc. fee loan to which an eligible Master’s, etc. student may be entitled in any subsequent academic years of the designated Master’s, etc. course is determined in accordance with paragraph (9).

(8) The circumstances are the eligible Master’s, etc. student transfers from a designated Master’s, etc. course of a kind mentioned at—

(a) regulation 152(2)(a) to a designated Master’s, etc. course of a kind mentioned at regulation 152(2)(b) or (c); or

(b) regulation 152(2)(b) to a designated Master’s, etc. course of a kind mentioned at regulation 152(2)(c).

(9) Where the circumstances in paragraph (8) apply any remaining Master’s, etc. fee loan to which an eligible Master’s, etc. student may be entitled for any subsequent academic years of the designated Master’s, etc. course is determined by—

(a) deducting the amount of Master’s, etc. fee loan the student has obtained under this Part from £5,500.00 and

(b) dividing that amount by the number of remaining academic years of the designated Master’s, etc. course.

(10) At no time can the amount of Master’s, etc. fee loan in respect of the entire designated Master’s, etc. course exceed £5,500.

(11) Where in respect of an academic year of a designated Master’s, etc. course an eligible Master’s, etc. student has obtained a Master’s, etc. fee loan of less than the relevant maximum, that student may apply to borrow an additional amount which when added to the amount already applied for does not exceed the relevant maximum applicable in that student’s case.

(12) Where an eligible Master’s, etc. student has not obtained a Master’s, etc. fee loan in respect of an earlier academic year that student cannot request the unclaimed amount in a later academic year.

(13) For the purposes of paragraph (11) “relevant maximum” means the lesser of—

(a) £5,500 and the fees charged to the student in respect of that academic year, where the designated Master’s, etc. course falls within regulation 152(2)(a);

(b) £2,750 and the fees charged to the student in respect of that academic year, where the designated Master’s, etc. course falls within regulation 152(2)(b);

(c) £1,834 and the fees charged to the student in respect of that academic year, where the designated Master’s, etc. course falls within regulation 152(2)(c).]