New private institution fee loan
21.—(1) An eligible student who is a 2012 cohort student qualifies in accordance with this regulation for a new private institution fee loan in respect of, or otherwise in connection with, the 2012 cohort student’s attendance on a designated course provided by a private institution.
(2) A new private institution fee loan is not available in respect of an academic year if that year is—
(a)a bursary year;
(b)an Erasmus year of a course provided by an institution in Northern Ireland; or
(c)an Erasmus year of a course provided by an institution in England, Scotland or Wales where the course began before 1 September 2012.
(3) The maximum amount of new private institution fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course provided by a private institution where none of the circumstances in regulation 16(7), 16(8), 16(9) or 16(10) applies is the lesser of—
(a)£6,165; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(4) The maximum amount of new private institution fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course provided by a private institution where one of the circumstances in regulation 16(7) or 16(8) applies is the lesser of—
(a)£3,080; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(5) The maximum amount of new private institution fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course provided by a private institution where regulation 16(9) applies is the lesser of—
(a)£1,230; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(6) The maximum amount of new private institution fee loan available under this regulation to a 2012 cohort student in respect of an academic year of a designated course provided by a private institution where regulation 16(10) applies is the lesser of—
(a)£920; and
(b)the fees payable by the student in respect of, or otherwise in connection with, that year.
(7) Where an eligible student has applied for a new private institution fee loan of less than the maximum amount available in relation to an academic year, the eligible student may apply to borrow an additional amount which, when added to the amount already applied for, does not exceed that maximum.
(8) A new private institution fee loan is not available in respect of an eligible student’s attendance on a course where that course is provided on behalf of a recognised educational institution by a body in regulation 5(1)(e)(ii) or (iii).