Explanatory Memorandum

Student Loans (Amendment) Act (Northern Ireland) 2011

2011 CHAPTER 2

25 January 2011

Commentary on Sections

Section 1

This substantive section amends the Education (Student Support) (Northern Ireland) Order 1998 by extending the Department’s regulation making powers under that Order (and the Education (Student Loans) (Northern Ireland) Order 1990, to the extent that it exists under savings provisions) to provide that a student loan made to a borrower who enters an IVA will be treated in a similar way as it is currently treated under a bankruptcy.

Section 2

This section provides that the new legislation shall be known as the Student Loans (Amendment) Act (Northern Ireland) 2011.