Paragraph 2

Section 1 (arrangements for loans for students out of money made available by Secretary of State) is amended as follows.

After subsection (1A) (which is inserted by section 1 of this Act) insert—

“(1B)

In this Act—

(a)

references to public sector student loans are to loans under arrangements made under subsection (1) above; and

(b)

references to subsidised private sector student loans are to loans in respect of which arrangements such as are mentioned in subsection (1A) above provide for the payment (at any time or in any circumstances) of subsidy under that subsection.”

In subsection (5), for “arrangements made under this section” substitute “ public sector student loans and subsidised private sector student loans ”.