2015 No. 181

Education, England

The Further Education Loans (Amendment) Regulations 2015

Made

Laid before Parliament

Coming into force

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 22 and 42(6) of the Teaching and Higher Education Act 19981.

Citation and commencement1

These Regulations may be cited as the Further Education Loans (Amendment) Regulations 2015 and come into force on 30th March 2015.

Amendment of Further Education Loans Regulations 20122

The Further Education Loans Regulations 20122 are amended in accordance with regulations 3 and 4.

Time limits3

For regulation 11 of the Further Education Loans Regulations 2012, substitute—

Time limits11

1

An application for a fee loan in connection with a further education course beginning before 1st August 2015 must reach the Secretary of State within the period of eligibility for the further education course for which support is required.

2

An application for a fee loan in connection with a further education course beginning on or after 1st August 2015 must reach the Secretary of State—

a

within the period of eligibility for the further education course for which support is required; and

b

before the applicant completes the further education course for which support is required.

Amount of the fee loan4

For regulation 16 of the Further Education Loans Regulations 2012, substitute—

Amount of the fee loan16

1

The amount of a fee loan in respect of a further education course beginning before 1st August 2015 must not exceed the lesser of—

a

the maximum level of public funding in connection with that further education course, or

b

the amount which the institution is charging the eligible student for the further education course.

2

The amount of a fee loan in respect of a further education course beginning on or after 1st August 2015 must not exceed the lesser of—

a

the maximum loan amount available in connection with that further education course as contained in the document published by the Skills Funding Agency on 5th February 2015 entitled “Funding rates for 24+ Advanced Learning Loans designated qualifications 2015 to 2016, Version 1” 3, or

b

the amount which the institution is charging the eligible student for the further education course.

Nick BolesMinister of State for Skills and EqualitiesDepartment for Business, Innovation and Skills
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the Further Education Loans Regulations 2012 (S.I. 2012/1818) (the “2012 Regulations”).

Regulation 3 replaces regulation 11 of the 2012 Regulations and includes a condition that an application for a fee loan in connection with a further education course beginning on or after 1st August 2015 must reach the Secretary of State before the applicant completes the further education course for which support is required.

Regulation 4 replaces regulation 16 of the 2012 Regulations and refers to the funding matrix in the document published by the Skills Funding Agency on 5th February 2015 entitled “Funding rates for 24+ Advanced Learning Loans designated qualifications 2015 to 2016, Version 1” as one basis for establishing the maximum amount of a fee loan in respect of a further education course beginning on or after 1st August 2015. The document is available from the Gov.uk website at https://www.gov.uk/government/publications/funding-rates-for-24-advanced-learning-loans-designated-qualifications-2015-to-2016 or from the Skills Funding Agency, Cheylesmore House, Quinton Road, Coventry CV1 2WT.

An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen. The Explanatory Memorandum is published with these Regulations on www.legislation.gov.uk.