OpenLegislation

The Education (Student Loans) (Amendment) (England and Wales) Regulations 2008

S.I. 2008/1479 · Made 9 June 2008

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Education, England And Wales

Made 9th June 2008

Laid before Parliament 16th June 2008

Coming into force 1st August 2008

The Secretary of State for Innovation, Universities and Skills makes the following Regulations in exercise of the powers in section 1(1), (2) and (7) of and paragraph 1(1) of Schedule 1 to the Education (Student Loans) Act 1990f1:

Annotations to the whole text

Footnotes

f1

1990 c. 6. amended by the Education (Student Loans) Act 1996 (c.9), section 1(1) and the Schedule, by the Education Act 1996 (c.56), Schedule 37 paragraph 98 and Schedule 38, and by the Education (Student Loans) Act 1998 (c.1), sections 1 to 3. The entire Act was repealed on 13th August 1998 by the Teaching and Higher Education Act 1998 (c.30), section 44(2) and Schedule 4, subject to transitional and savings provisions in the Teaching and Higher Education Act 1998 (Commencement No. 2 and Transitional Provisions) Order 1998 (S.I. 1998/2004). The saving provisions include provision for making subordinate legislation after the date of repeal.

Contents

  1. 1Citation, commencement, application and interpretation
  2. 2Citation, commencement, application and interpretation
  3. 3Citation, commencement, application and interpretation
  4. 4Revocation
  5. 5Amendment of the Principal Regulations
  6. 6Amendment of the Principal Regulations
  7. 7Amendment of the Principal Regulations
  8. Signature
  9. Explanatory note

1Citation, commencement, application and interpretation

These Regulations may be cited as the Education (Student Loans) (Amendment) (England and Wales) Regulations 2008 and come into force on 1st August 2008.

2Citation, commencement, application and interpretation

These Regulations do not apply in or as regards Scotlandf1.

3Citation, commencement, application and interpretation

In these Regulations “the Principal Regulations” means the Education (Student Loans) Regulations 1998f1.

4Revocation

Regulation 9 of the Education (Student Loans) (Amendment) (England and Wales) Regulations 2007f1 is revoked.

5Amendment of the Principal Regulations

The Principal Regulations are amended in accordance with these Regulations.

6Amendment of the Principal Regulations

(1)

Regulation 3 is amended as follows.

(2)

For the definition of “2005 loan” substitute—

  • ““2005 loan” means a loan the maximum amount of which is the maximum amount that would have been payable under these Regulations had they not been amended by the Education (Student Loans) (Amendment) (England and Wales) Regulations 2006, the Education (Student Loans) (Amendment) (England and Wales) Regulations 2007 and the Education (Student Loans) (Amendment) (England and Wales) Regulations 2008;”.

(3)

For the definition of “2006 loan” substitute—

  • ““2006 loan” means a loan the maximum amount of which is the maximum amount that would have been payable under these Regulations had they not been amended by the Education (Student Loans) (Amendment) (England and Wales) Regulations 2007 and the Education (Student Loans) (Amendment) (England and Wales) Regulations 2008;”.

(4)

For the definition of “old loan” substitute—

  • ““old loan” means a loan the maximum amount of which is the maximum amount that would have been payable under these Regulations had they not been amended by the Education (Student Loans) (Amendment) (England and Wales) Regulations 2005, the Education (Student Loans) (Amendment) (England and Wales) Regulations 2006, the Education (Student Loans) (Amendment) (England and Wales) Regulations 2007 and the Education (Student Loans) (Amendment) (England and Wales) Regulations 2008;”.

7Amendment of the Principal Regulations

(1)

Regulation 6 is amended as follows.

(2)

In paragraphs (1) to (4), for each of the figures in the first column, wherever it appears, substitute the corresponding figure in the second column below—

First column (£)Second column (£)
1,2151,245
1,9401,990
1,6551,695
2,6652,730
1,5751,615
2,1552,210

Signature

Bill Rammell

Minister of State

Department for Innovation, Universities and Skills

9th June 2008

Explanatory note

(This note is not part of the Order)

These Regulations amend the Education (Student Loans) Regulations 1998 (“the 1998 Regulations”). The 1998 Regulations, made under the Education (Student Loans) Act 1990, govern mortgage style loans. These loans are, for the most part, only available to students who started their courses before 1st August 1998.

These Regulations do not apply in or as regards Scotland.

Regulation 6 amends certain definitions in the 1998 Regulations.

Regulation 7 increases in line with inflation the maximum amounts that may be lent to students in relation to an academic year commencing on or after 1st August 2008.

These Regulations also revoke Regulation 9 of the Education (Student Loans) (Amendment) (England and Wales) Regulations 2007.

An impact assessment has not been produced for this instrument as it has no impact on business, charities or voluntary bodies. The impact on the public sector is minimal.