Regulation 46 Treatment of student loans

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg 46 am (W) by Housing Renewal Grants 2001 regs 2, 15
reg. 46(1)(1A) substituted for reg. 46(1) by Housing Renewal Grants 2001 reg. 15(a)
reg. 46(2) substituted by Housing Renewal Grants 2001 reg. 15(b)
reg. 46(5)(a) word substituted by Housing Renewal Grants 2001 reg. 15(c)(i)
reg. 46(5)(b) word substituted by Housing Renewal Grants 2001 reg. 15(c)(ii)
reg 46 amended by Housing Renewal Grants 2000 reg 19
reg .43 amended by Housing Renewal Grants 1999 reg.11
reg. 46(2)(aa) words substituted by Housing Renewal Grants 2024 reg. 2(5)(c)
reg. 46(1) words omitted by Housing Renewal Grants 2024 reg. 2(5)(a)
reg. 46(1A) omitted by Housing Renewal Grants 2024 reg. 2(5)(b)
reg 46 am (E) by Housing Renewal Grants 2002 regs 2, 14
reg 46 am (W) by Housing Renewal Grants 2002 regs 2, 14

(1)

A loan which is made to a student pursuant to arrangements made under section 1 of the Education (Student Loans) Act 1990^f1 or article 3 of the Education (Student Loans) (Northern Ireland) Order 1990^f2 shall be treated as income.

(2)

In calculating the weekly amount of the loan to be taken into account as income, the loan shall be apportioned equally between the weeks in the academic year in respect of which the loan is payable, and from the weekly amount so apportioned there shall be disregarded £10.

(3)

For the purposes of this regulation a student shall be treated as possessing the maximum amount of any loan referred to in paragraph (1) which he will be able to acquire in respect of an academic year by taking reasonable steps to do so.

Annotations

Footnotes

f1: 1990 c. 6; section 1 was amended by the Further and Higher Education Act 1992 (c. 13), section 93 and Schedule 8.
f2: S.I. 1990/1506 (N.I. 11).