Subsidy in respect of private sector student loans
3.—(1) In Article 3 of the Education (Student Loans) (Northern 1990 NI 11. Ireland) Order 1990 (arrangements for loans for students out of money made available by Department) after paragraph (1) there shall be inserted the following paragraph—
“(1A) The Department may, in pursuance of arrangements with persons by whom private sector student loans are made, pay subsidy to those persons in respect of such loans; and in this paragraph “private sector student loans” means loans made to eligible students towards their maintenance otherwise than out of money made available by the Department.”.
(2) The Schedule (which makes amendments in consequence of paragraph (1)) shall have effect.