PART 1U.K.

CHAPTER 4U.K.

Overpayments of a postgraduate master's degree loanU.K.

17.—(1) Any overpayment of a postgraduate master's degree loan is recoverable by the Secretary of State from—

(a)the institution or third party which received the monies of the postgraduate master's degree loan where payment was made to such an institution or third party; or

(b)the student who received the postgraduate master's degree loan.

(2) A student must, if so required by the Secretary of State, repay any amount of the postgraduate master's degree loan paid in respect of a student which for whatever reason exceeds the amount of loan to which the student is entitled.

[F1(2A) An institution or third party must, if so required by the Secretary of State, repay any amount of a postgraduate master’s degree loan paid to the institution or third party in respect of a student which for whatever reason exceeds the amount of loan to which the student is entitled.]

(3) An overpayment of a postgraduate master's degree loan may be recovered from a student under paragraph (1)(b) in whichever one or more of the following ways the Secretary of State considers appropriate in all the circumstances—

(a)by subtracting the overpayment from any amount of the postgraduate master's degree loan which remains to be paid;

(b)by subtracting the overpayment from any kind of grant or loan payable to the student from time to time pursuant to regulations made by the Secretary of State under section 22 of the 1998 Act;

(c)by requiring the student to repay the postgraduate master's degree loan in accordance [F2with regulations made under section 22 of the 1998 Act]; or

(d)by taking such other action for the recovery of an overpayment as is available to the Secretary of State.

Textual Amendments