Regulation 9 Amendment of regulation 15

(1)

Regulation 15 (timing of repayments: general) is amended as follows.

(2)

In paragraph (1), after “a student loan”, insert “or a postgraduate master’s degree loan”.

(3)

In paragraph (2)^f1—

(a)

for “(2A), (2B) and (2C)”, substitute “(2A) and (2B)”;

(b)

for “borrower”, both times it appears, substitute “student loan borrower”;

(c)

after “the 1998 Act”, insert “in respect of a student loan”.

(4)

After paragraph (2), insert—

“(2ZA)
Subject to paragraph (2C) a postgraduate master’s degree loan borrower is not required to repay any part of the postgraduate master’s degree loan before the start of the following tax year commencing on 6 April after a postgraduate master’s degree loan borrower ceases to be eligible for a loan under Part 1 of the 2016 Postgraduate Regulations or Part 4 of the 2017 Postgraduate Wales Regulations, whether by reason of having completed that course or otherwise.”.

(5)

In paragraphs (2A) and (2B)^f2, omit “Subject to paragraph (2C)”.

(6)

For paragraph (2C)^f3, substitute—

“(2C)
A postgraduate master’s degree loan borrower is not required to repay any part of the postgraduate master’s degree loan under paragraph (2ZA) before—

(a)
6 April 2019, in the case of a loan made under Part 1 of the 2016 Postgraduate Regulations; or

(b)
6 April 2019, in the case of a loan made under Part 4 of the 2017 Postgraduate Wales Regulations.”.

(7)

In paragraph (7), after “student loan”, insert “or postgraduate master’s degree loan”.

Annotations

Footnotes

f1: Paragraph (2) was amended by S.I. 2012/1309.
f2: Paragraphs (2A) and (2B) were inserted by S.I. 2012/1309.
f3: Paragraph (2C) was inserted by S.I. 2012/1309.