Regulation 7 Definition of loans
(1)
A student loan is a mortgage style loan or an income contingent loan.
(2)
A mortgage style loan is a loan including the interest accrued on the loan towards a student’s maintenance, made pursuant to arrangements made under—
(a)
section 1 of the 1990 Act, or
(b)
the Education (Student Loans) (Northern Ireland) Order 1990f1.
(3)
An income-contingent loan is a loan including the interest accrued on the loan towards a student’s maintenance, made pursuant to any regulations made under—
(a)
section 22 of the 1998 Act,
(b)
section 73 of the Education (Scotland) Act 1980, or
(c)
the Education (Student Support) (Northern Ireland) Order 1998.
Annotations
Footnotes
- f1
-
S.I. 1990/1506 (N.I.11).