Paragraph 2 Availability of college fee loans
A person qualifies for a college fee loan if he or she meets the following conditions—
he or she is an eligible student who is not excluded from qualifying by paragraph 3;
he or she has an honours degree from an institution in the United Kingdom;
he or she is taking a qualifying course which he or she—
starts on or after 1 September 2006 and on which he or she is continuing after 31 August 2009; or
starts on or after 1 September 2009;
he or she is a member of a college or a permanent private hall of the University of Oxford or a member of a college of the University of Cambridge;
he or she is under the age of 60 on the first day of the first academic year of the qualifying course; and
none of the circumstances in regulation 4(3) apply to him or her.