UKPGA-1996-9 — Education (Student Loans) Act 1996 (repealed 13.8.1998)

s. 1 — Subsidy in respect of private sector student loans.

s. 1(1)

In section 1 of the Education (Student Loans) Act 1990 (arrangements for loans for students out of money made available by Secretary of State), after subsection (1) insert—

s. 1(2)

The Schedule to this Act (which makes amendments in consequence of subsection (1) above) shall have effect.

s. 2 — Corresponding provision for Northern Ireland.

An Order in Council under sub-paragraph (1)(b) of paragraph 1 of Schedule 1 to the Northern Ireland Act 1974 (legislation for Northern Ireland in the interim period) which contains a statement that it is made only for purposes corresponding to the purposes of section 1 above and the Schedule to this Act—

s. 2(a)

shall not be subject to sub-paragraphs (4) and (5) of that paragraph (affirmative resolution of both Houses of Parliament), but

s. 2(b)

shall be subject to annulment in pursuance of a resolution of either House of Parliament.

s. 3 — Financial provisions.

There shall be paid out of money provided by Parliament—

s. 3(a)

any sums required by the Secretary of State for paying subsidy in respect of private sector student loans, and

s. 3(b)

any increase attributable to this Act in the expenses of the Secretary of State under the Education (Student Loans) Act 1990.

s. 4 — Citation and extent.

s. 4(1)

This Act may be cited as the Education (Student Loans) Act 1996.

s. 4(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s. 4(3)

Apart from—this Act does not extend to Northern Ireland.

s. 4(3)(a)

section 2 above,

s. 4(3)(b)

(as respects institutions in Northern Ireland) paragraph 3(3) of the Schedule to this Act, and

s. 4(3)(c)

this section,

Sch 1

CONSEQUENTIAL AMENDMENTS

Sch 1 para 1

The Education (Student Loans) Act 1990 is amended in accordance with this Schedule.

Sch 1 para 2

Sch 1 para 2(1)

Section 1 (arrangements for loans for students out of money made available by Secretary of State) is amended as follows.

Sch 1 para 2(2)

After subsection (1A) (which is inserted by section 1 of this Act) insert—

Sch 1 para 2(3)

In subsection (5), for “arrangements made under this section” substitute “ public sector student loans and subsidised private sector student loans ”.

Sch 1 para 3

Sch 1 para 3(1)

Schedule 2 (provisions about loans out of money made available by Secretary of State) is amended as follows.

Sch 1 para 3(2)

In paragraph 1—and, accordingly, in the heading immediately preceding that paragraph, for “Principal,” substitute “ Public sector student loans: principal, ”.

Sch 1 para 3(2)(a)

in sub-paragraph (1), before “loan” (in both places) and “loans” insert “ public sector student ”, and

Sch 1 para 3(2)(b)

in sub-paragraph (4), for “Loans” substitute “ Public sector student loans ”,

Sch 1 para 3(3)

In paragraph 2—

Sch 1 para 3(3)(a)

in sub-paragraph (1), for “loans under the arrangements made under section 1 of this Act,” substitute “ public sector student loans or subsidised private sector student loans, ”, and

Sch 1 para 3(3)(b)

after that sub-paragraph insert—

Sch 1 para 3(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 1 para 3(5)

For sub-paragraph (8) of paragraph 3 substitute—

Sch 1 para 3(6)

In paragraph 4—

Sch 1 para 3(6)(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 1 para 3(6)(b)

after that sub-paragraph insert—, and

Sch 1 para 3(6)(c)

in sub-paragraph (2), for “sub-paragraph (1) above is” substitute “ sub-paragraphs (1) and (1A) above are ” and for “applies” substitute “ apply ”.

Sch 1 para 3(7)

In paragraphs 5(3) and 6, for “loan under the arrangements” substitute “ public sector student loan or subsidised private sector student loan ”.