Amendment of regulation 2012
1
Regulation 20 (refunds) is amended as follows.
2
In paragraph (1)(a) and (b)14, after “the student loan”, insert “or the postgraduate master’s degree loan”.
3
After paragraph (1A)(c), insert—
d
for a postgraduate master’s degree loan, as if it were the principal of a postgraduate master’s degree loan, outstanding from the date of receipt of the repayment to the earlier of—
i
the end of a period of 60 days after the Authority issues a notice, or
ii
the date on which the Authority makes the refund to the borrower,
after which period no interest will accrue.
4
In paragraph (1B), for “and (c)(i)”, substitute “, (c)(i) and (d)(i)”.
5
In paragraph (2)(a) and (b), after “the student loan”, insert “or the postgraduate master’s degree loan”.
6
In paragraph (4), for “(6), (6A) and (9)”, substitute “regulation 20A”.
7
Omit paragraphs (6) to (9).