Regulation 14 Amendments relating to the removal of the yearly cap

For regulation 156^f1 (Amount of Master’s, etc. fee loan) substitute

“—Amount of Master’s, etc. fee loan

156.

(1)

The amount of the Master’s, etc fee loan in respect of a designated Master’s, etc course, or courses where the circumstances under paragraph (2) apply, must not exceed, in total, the lesser of -

(a)

£5,500; and

(b)

the fees charged to the student in respect of the designated Master’s, etc. course/s.

(2)

If a student’s status as an eligible Master’s, etc. student is transferred from one designated Master’s, etc. course to another under this Part and the circumstances in paragraph (3) apply, the student may apply to the Department to borrow an additional amount of Master’s, etc. fee loan in respect of the designated Master’s, etc. course to which that student transfers.

(3)

The circumstances are that the fees payable in respect of the designated Master’s, etc. course to which the eligible Master’s, etc. student transfers exceed the fees payable in respect of the designated Master’s, etc. course from which the student is transferring.

(4)

Where the circumstances in paragraph (3) apply, the maximum additional amount that the Master’s, etc. student may borrow in respect of the designated Master’s, etc. course to which that student transfers, provided that the student qualifies for a Master’s, etc. fee loan, is determined by deducting the amount of any Master’s, etc. fee loan the student has taken out under this Part, in respect of the designated Master’s, etc. course from which the student is transferring from the lesser of –

(a)

£5,500.00; and

(b)

the fees charged in respect of the course to which the student is transferring.”