PART 2
Amendment of regulation 1523
1
Regulation 15 (timing of repayments: general) is amended as follows.
2
In paragraph (1) M1, omit “master's”.
3
For paragraph (2ZA) M2, substitute —
2ZA
Subject to paragraph (2C) a postgraduate degree loan borrower is not required to repay –
a
any part of a postgraduate master's degree loan, before the start of the following tax year commencing on 6 April after the borrower ceases to be eligible for a loan under Part 1 of the 2016 Master's Degree Regulations or Part 4 of the 2017 Postgraduate Wales Regulations, whether by reason of having completed that course or otherwise;
b
any part of a postgraduate doctoral degree loan, until the earlier of—
i
the start of the following tax year commencing on 6 April after the borrower ceases to be eligible for a loan under Part 1 of the 2018 Doctoral Degree Regulations, whether by reason of having completed that course or otherwise; or
ii
the start of the following tax year commencing on 6 April after the fourth anniversary of the course start date.
4
For paragraph (2C) M3, substitute –
A borrower is not required to repay any part of the postgraduate degree loan under paragraph (2ZA) before 6 April 2019.
5
In paragraph (7) M4, omit “master's”.