Treatment of student loans
45.—(1) A loan which is made to a student pursuant to arrangements made under Article 3 of the Education (Student Loans) (Northern Ireland) Order 1990(1) or section 1 of the Education (Student Loans) Act 1990(2) shall be treated as income.
(2) In calculating the weekly amount of the loan to be taken into account as income, the loan shall be apportioned equally between the weeks in the academic year in respect of which the loan is payable, 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 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.
S.I. 1990/1506 (N.I. 11); to which there are no relevant amendments
1990 c. 6; to which there are no relevant amendments