Regulation 8 Payments
The Secretary of State shall pay the amount to be lent for maintenance under regulation 6(5) in the following instalments:
if the first instalment is paid during the first quarter of the academic year it shall be paid in three equal instalments;
if the first instalment is paid during the second quarter of the academic year it shall be paid in two instalments, the first amounting to two thirds of the amount to be lent, and the second one third of that amount; and
if the first instalment is paid during the third or fourth quarter of the academic year it shall be paid in one instalment.
The Secretary of State shall pay an additional amount to be lent for maintenance under regulation 6(11) in the following instalments:
if the first instalment is paid during the first quarter of the academic year it shall be paid in three equal instalments, the second and third of which shall be paid with the second and third instalments referred to in paragraph 1(a);
if the first instalment is paid during the second quarter of the academic year it shall be paid in two instalments, the first amounting to two thirds of the amount to be lent and the second one third of that amount, the second to be paid with the remaining instalment to be paid under paragraph (1); and
if the first instalment is paid during the third or fourth quarter of the academic year it shall be paid in one instalment.
Not more than one instalment shall be paid in respect of each quarter of the academic year and no instalment shall be paid in respect of the quarter during which in the opinion of the Secretary of State the longest of any vacations is taken.
The first instalment shall be paid not later than 30 days after the Secretary of State has received a satisfactory application under regulation 6(1), and any subsequent instalment shall be paid during the quarter in respect of which it is paid.
Payments shall be made by electronic transfer to the student’s account.
Subject to regulation 9 no instalment shall be paid after a student has withdrawn from, abandoned or been expelled from his course.
No instalment shall be paid when a student is absent from his course, unless in the opinion of the Secretary of State in all the circumstances it would cause exceptional hardship to suspend the payment of instalments.
A student shall not be considered to be absent from his course if he is unable to attend due to illness and his absence has not exceeded 60 days.
If the payment of instalments has been suspended and before the end of the academic year the student commences attending his course again the Secretary of State may pay further instalments but so that the amount lent in relation to that year does not exceed such amount as the Secretary of State in all the circumstances considers appropriate.