257Student loans under the 1998 Act: IVAs
(1)The Teaching and Higher Education Act 1998 (c. 30) is amended as set out in subsections (2) and (3).
(2)In section 22(3) (new arrangements for giving financial support to students), after paragraph (f) insert—
“(g)with respect to sums which a borrower receives, or is entitled to receive, under such a loan before or after a voluntary arrangement under Part 8 of the Insolvency Act 1986 or Part 8 of the Insolvency (Northern Ireland) Order 1989 (individual voluntary arrangements) takes effect in respect of the borrower;
(h)excluding or modifying the application of Part 8 of that Act, or Part 8 of that Order, in relation to liability to make repayments in respect of such a loan (whether the repayments relate to sums which the borrower receives, or is entitled to receive, before or after a voluntary arrangement takes effect in respect of the borrower).”
(3)In section 46(8) (provisions extending to Northern Ireland), in the entry relating to section 22, for “(3)(e) or (f)” substitute “(3)(e), (f), (g) or (h)”.
(4)Nothing in this section affects a voluntary arrangement that takes effect before this section comes into force.