Regulation 3 Liable Graduates
Subject to the following paragraphs and regulations 4 and 5, a graduate of the following description shall be liable to pay the graduate endowment under section 1(1) of the Act, namely a graduate who–
has undertaken a full-time course of higher education which commenced on or after 1st August 2001 which is the first full-time course of higher education undertaken by them;
has undertaken that course for a period of at least 3 academic years or, where that course is undertaken as part of a continuous programme of higher education, for a period of at least 2 academic years; and
is a person mentioned in paragraphs 2 to 7 of Schedule 1.
A graduate who has undertaken a full-time course of higher education which commenced on or after 1st August 2001 shall not be liable to pay the graduate endowment if that course is undertaken as part of a continuous programme of higher education which commenced prior to 1st August 2001.
This paragraph applies to graduates who have undertaken a full-time course of higher education who prior to the completion of that course–
transferred from one institution to another to undertake the same or any other full-time course of higher education;
ceased to undertake that course but transferred to another full-time course of higher education at the same institution; or
ceased to undertake that course but transferred to another course of higher education which is not a full-time course of higher education.
In the case of a graduate to whom paragraph (3) applies, for the purposes of paragraph (1)–
all of the full-time courses of higher education undertaken by them which follow on immediately from the preceding course (disregarding any intervening vacation) shall be treated as a single course of full-time higher education; and
the period taken into account for the purposes of paragraph (1)(b) above shall be the entire period during which the graduate undertook the full-time courses of higher education referred to in sub-paragraph (a) above.