PART 2

Amendment of regulation 1523

1

Regulation 15 (timing of repayments: general) is amended as follows.

2

In paragraph (1) M1, omit “master's”.

3

For paragraph (2ZA) M2, substitute —

2ZA

Subject to paragraph (2C) a postgraduate degree loan borrower is not required to repay –

a

any part of a postgraduate master's degree loan, before the start of the following tax year commencing on 6 April after the borrower ceases to be eligible for a loan under Part 1 of the 2016 Master's Degree Regulations or Part 4 of the 2017 Postgraduate Wales Regulations, whether by reason of having completed that course or otherwise;

b

any part of a postgraduate doctoral degree loan, until the earlier of—

i

the start of the following tax year commencing on 6 April after the borrower ceases to be eligible for a loan under Part 1 of the 2018 Doctoral Degree Regulations, whether by reason of having completed that course or otherwise; or

ii

the start of the following tax year commencing on 6 April after the fourth anniversary of the course start date.

4

For paragraph (2C) M3, substitute –

A borrower is not required to repay any part of the postgraduate degree loan under paragraph (2ZA) before 6 April 2019.

5

In paragraph (7) M4, omit “master's”.