49.—(1) Any overpayment of a grant or loan for fees may be recovered by the National Assembly from the academic authority.
(2) An eligible student must, if so required by the National Assembly, repay any amount paid to the student under Part 6 or 7 which for whatever reason exceeds the amount of support to which the student is entitled under Part 6 or 7.
(3) Any overpayment of any grant under Part 6 may be recovered in whichever one or more of the following ways the National Assembly considers appropriate in all the circumstances—
(a)by subtracting the overpayment from any kind of grant payable to the student from time to time pursuant to regulations made under section 22 of the Act;
(b)by taking such other action for the recovery of an overpayment as is available to it.
(4) Any overpayment of a loan for living costs in respect of any academic year may be recovered if in the opinion of the National Assembly—
(a)the overpayment is a result of a failure of the student to provide promptly information which might affect whether he or she qualifies for a loan or the amount of loan for which he or she qualifies; or
(b)any information which the student has provided is inaccurate in a material particular; or
(c)the student has failed to provide information which the National Assembly considers to be material in the context of the recovery of the loan.
(5) Where an overpayment of a loan for living costs is recoverable in accordance with paragraph (4), it may be recovered in whichever one or more of the following ways the National Assembly considers appropriate in all the circumstances—
(a)by subtracting the overpayment from the amount of any loan payable to the student from time to time pursuant to regulations made under section 22 of the Act;
(b)by taking such other action for the recovery of an overpayment as is available to it.
(6) Where there has been an overpayment of a loan for living costs which is not recoverable under paragraph (4), the National Assembly may subtract the overpayment from the amount of any loan payable to the student from time to time pursuant to regulations made under section 22 of the Act.