Part 12Miscellaneous

Student loans

I1257Student loans under the 1998 Act: IVAs

1

The Teaching and Higher Education Act 1998 (c. 30) is amended as set out in subsections (2) and (3).

2

In section 22(3) (new arrangements for giving financial support to students), after paragraph (f) insert—

g

with respect to sums which a borrower receives, or is entitled to receive, under such a loan before or after a voluntary arrangement under Part 8 of the Insolvency Act 1986 or Part 8 of the Insolvency (Northern Ireland) Order 1989 (individual voluntary arrangements) takes effect in respect of the borrower;

h

excluding or modifying the application of Part 8 of that Act, or Part 8 of that Order, in relation to liability to make repayments in respect of such a loan (whether the repayments relate to sums which the borrower receives, or is entitled to receive, before or after a voluntary arrangement takes effect in respect of the borrower).

3

In section 46(8) (provisions extending to Northern Ireland), in the entry relating to section 22, for “(3)(e) or (f)” substitute “ (3)(e), (f), (g) or (h) ”.

4

Nothing in this section affects a voluntary arrangement that takes effect before this section comes into force.