Regulation 5 I1

Regulation 3 (Interpretation) shall be amended as provided by paragraphs (2) to (6).

For the definition of “2005 loan”, there shall be substituted—

• ““2005 loan” means a loan the maximum amount of which is the maximum amount that would have been payable under these Regulations had they not been amended by the Education (Student Loans) (Amendment) Regulations (Northern Ireland) 2006 and the Education (Student Loans) (Amendment) Regulations (Northern Ireland) 2007;”.

After the definition of “2005 loan”, there shall be inserted—

• ““2006 loan” means a loan the maximum amount of which is the maximum amount that would have been payable under these Regulations had they not been amended by the Education (Student Loans) (Amendment) Regulations (Northern Ireland) 2007;”.

Before the definition of “2006 academic year”, there shall be inserted—

• ““2005 academic year” means an academic year beginning on or after 1st August 2005 but before 1st July 2006;”.

After the definition of “2006 academic year”, there shall be inserted—

• ““2007 academic year” means an academic year beginning on or after 1st August 2007 but before 1st July 2008;”.

The definition of “new academic year” shall be omitted.