3. For regulation 20(1) substitute—
“(1) A current system student does not qualify for a fee loan in respect of a designated course if—
(a)the designated course leads to an equivalent or lower qualification, the exemptions in regulation 14(2) or (3) do not apply and the student begins the course on or after 1st September 2009;
(b)the student has an honours degree from an institution in the United Kingdom, the exemptions in regulation 14(2) or (3) do not apply and the student transfers to the current course pursuant to regulations 8 on or after 1st September 2009 from a course beginning before 1st September 2009;
(c)the student has an honours degree from an institution in the United Kingdom, the exemptions in regulation 14(2) or (3) do not apply and the student began the course before 1st September 2009; or
(d)the designated course is an old flexible postgraduate course for the initial training of teachers.”.