The Education (Student Loans) (Amendment) (England and Wales) Regulations 2003

Statutory Instruments

2003 No. 1647

EDUCATION, ENGLAND AND WALES

The Education (Student Loans) (Amendment) (England and Wales) Regulations 2003

Made

24th June 2003

Laid before Parliament

2nd July 2003

Coming into force

1st August 2003

In exercise of the powers conferred by section 1(2) and (7) of and paragraph 1 of Schedule 2 to the Education (Student Loans) Act 1990(1), the Secretary of State for Education and Skills hereby makes the following Regulations:–

Citation, commencement and application

1.—(1) These Regulations may be cited as the Education (Student Loans) (Amendment) (England and Wales) Regulations 2003 and shall come into force on 1^st August 2003.

(2) These Regulations do not apply in or as regards Scotland (2).

Amendments

2.—(1) The Education (Student Loans) Regulations 1998(3) shall be amended as follows.

(2) In regulation 6(1) to (4) for each of the figures in the first column below wherever it appears there shall be substituted the corresponding figure in the second column below:

First column	Second Column
1,075	1,100
1,725	1,765
1,465	1,500
2,365	2,420
1,400	1,430
1,915	1,960

Alan Johnson

Minister of State,

Department of Education and Skills

24th June 2003

Explanatory Note

(This note is not part of the Regulations)

These Regulations which come into force on 1^st August 2003 amend the Education (Student Loans) Regulations 1998 which govern mortgage style repayment loans made under the Education (Student Loans) Act 1990, to students who, for the most part, began their courses before 1^st August 1998.

These Regulations increase the maximum amounts which may be lent to students in relation to an academic year in line with inflation.

(1)

1990 c. 6, amended by the Education (Student Loans) Act 1996 (c. 9), section 1(1) and the Schedule, by the Education Act 1996 (c. 56), Schedule 37 paragraph 98 and Schedule 38, and by the Education (Student Loans) Act 1998 (c. 1.), sections 1 to 3. The entire Act was repealed on 13^th August 1998 by the Teaching and Higher Education Act 1998 (c. 30), section 44(2) and Schedule 4, subject to transitional and saving provisions in the Teaching and Higher Education Act 1998 (Commencement No.2 and Transitional Provisions) Order 1998 (S.I.1998/2004). The saving provisions include provision for making subordinate legislation after the date of repeal.

(2)

The Secretary of State’s functions under the Education (Student Loans) Act 1990 were transferred, in or as regards Scotland to the Scottish Ministers by virtue of section 53 of the Scotland Act 1998 (c. 46), read with article 3 of and paragraph 11 of Schedule 1 to the Scotland Act 1998 (Functions Exercisable in or as Regards Scotland) Order 1999 (S.I. 1999/1748).

(3)

S.I.1998/211, as amended by S.I.1998/1676,1998/2005,1999/1784, 2000/1804, 2001/1329 and 2002/1433.