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32. An old system student qualifies for a fee contribution loan in respect of an academic year of a designated course if—
(a)he qualifies for a grant for fees in respect of that year or would have qualified if he had applied for the grant (even if the amount is or would have been nil); and
(b)the designated course is provided by or on behalf of an institution that was publicly funded as at 1st August 2005.
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