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12. In regulation 24 (Qualifying conditions for loans for living costs) for paragraphs (3), (4) and (5) of the 2005 Regulations, there shall be substituted—
“(3) An eligible student shall not qualify for a loan for living costs—
(a)if—
(i)he is absent from absent from his course for the duration of one academic year; and
(ii)he is in receipt of funding from the Department to participate in a management development programme known as the Business Education Initiative; or
(b)if the only paragraph in Part 2 of Schedule 2 into which he falls is paragraph 9.
(4) Where one of the events listed in paragraph (5) occurs in the course of an academic year—
(a)a student may qualify for a loan for living costs in respect of such quarters of that academic year as are specified in regulation 25(8) provided that he meets the conditions in paragraph (1); and
(b)a student shall not qualify for a loan for living costs in respect of any academic year beginning before the academic year in which the relevant event occurred.
(5) The events are—
(a)the student’s course becomes a designated course;
(b)the student, his spouse, his civil partner or his parent is recognised as a refugee or becomes a person with leave to enter or remain (as defined in Part 1 of Schedule 2);
(c)the state of which the student is a national accedes to the European Community where the student has been ordinarily resident in the United Kingdom and Islands throughout the three year-period immediately preceding the first day of the first academic year of the course;
(d)the student acquires the right of permanent residence (as defined in Part 1 of Schedule 2);
(e)the student becomes a person described in paragraph 6(a) of Schedule 2; or
(f)the student becomes the child of a Swiss national.”.
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