5.—(1) A student’s status as an eligible student is retained in connection with a designated course until the status terminates in accordance with this regulation or regulation 3.
(2) The period for which an eligible student retains the status referred to in paragraph (1) is the “period of eligibility”.
(3) Subject to the following paragraphs and regulation 3, the period of eligibility terminates at the end of the academic year in which the student completes the designated course.
(4) The period of eligibility terminates when—
(a)the eligible student (“A”) withdraws from A’s designated course in circumstances where the Welsh Ministers are not obliged under regulation 6 to transfer A’s status as an eligible student to another course; or
(b)A abandons or is expelled from A’s designated course.
(5) The Welsh Ministers may terminate the period of eligibility where A has shown by A’s conduct that A is unfitted to receive a postgraduate master’s degree loan.
(6) If the Welsh Ministers are satisfied that an eligible student has failed to comply with any requirement to provide information under these Regulations or has provided information which is inaccurate in a material particular, the Welsh Ministers may take such of the following actions as they consider appropriate in the circumstances—
(a)terminate the period of eligibility;
(b)determine that the student no longer qualifies for a postgraduate master’s degree loan;
(c)treat any postgraduate master’s degree loan paid to the student as an overpayment which may be recovered under regulation 17.
(7) Where the period of eligibility terminates before the end of the academic year in which the student completes the designated course, the Welsh Ministers may, at any time, renew the period of eligibility for such period as they determine.