Section 1 Subsidy in respect of private sector student loans.

In section 1 of the M1Education (Student Loans) Act 1990 (arrangements for loans for students out of money made available by Secretary of State), after subsection (1) insert—

“(1A)

The Secretary of State may, in pursuance of arrangements with persons by whom private sector student loans are made, pay subsidy to those persons in respect of such loans; and in this subsection “private sector student loans” means loans made to eligible students towards their maintenance otherwise than out of money made available by the Secretary of State.”

The Schedule to this Act (which makes amendments in consequence of subsection (1) above) shall have effect.