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Regulation 136 Treatment of student loansI1

Northern Ireland Not yet in force

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

(1)

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

(2)

In calculating the weekly amount of the loan to be taken into account as income—

(a)

except where sub-paragraph (b) applies, the loan shall be apportioned equally between the weeks in the academic year in respect of which the loan is payable;

(b)

in the case of a loan which is payable in respect of the final academic year of the course or if the course is of only one academic year’s duration, in respect of that year, the loan shall be apportioned equally between the weeks in the period beginning with the start of the final academic year or, as the case may be, the single academic year and ending with the last day of the course,

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

Commencement

I1

Reg. 136 in operation at 7.10.1996, see reg. 1(1)

Footnotes

f1

S.I. 1990/1506 (N.I. 11)

f2

1990 c. 6