Student loan 51825 A student loan1 is a loan made for a student’s maintenance under specific law2. The Student Loan Company administers student loans. 1 ESA Regs (NI), reg 131; 2 Support (NI) 98, art 3; Teaching & Higher Education Act 98, sec 22; ED (Scot) Act 80, sec 73(f), 73B & 74 Grant 51826 Grant means1 any kind of educational grant or award and includes any 1. scholarship 2. studentship 3. exhibition 4. allowance 5. bursary. Decision makers should note that it does not include any payment derived from access or any payment of education maintenance allowance. 1 ESA Regs (NI), reg 131 Access funds 51827 Access funds are grants, loans or other payments made under specific law1 that are paid on a discretionary basis to assist students in financial difficulties2. 1 Education and Libraries (Northern Ireland) Order 1993, art 30; Further Education (Northern Ireland) Order 1997, art 5; F & HE Act 92, sec 68; Ed (Scot) Act 80, sec 73(a), (c) & sec 74(1); 2 ESA Regs (NI), reg 131 [See DMG Memo Vol 1/74, 2/17, 4/89, 5/76, 6/60, 8/15, 9/6 & 14/40] 51828 Access funds also include in - Support Funds’ which may be made available to students under ‘Learner specific law1. For those in further education they are paid out of funds provided by the Secretary of State for Education, the Chief Executive of Skills Funding for England2 in - Contingency Funds’ made available by the National Assembly for ‘Financial Wales2. 1 L & S Act 2000, sec 5, 6 & 9; 2 ESA Regs (NI), reg 131 Note : Access funds do not include Assembly Learning Grants. Financial Contingency Funds are made available to prevent the financial hardship of students who are not eligible for an Assembly Learning Grant. 51829 - 51830
Student loan 51825 A student loan1 is a loan made for a student’s maintenance under specific law2. The Student Loan Company administers student loans. 1 ESA Regs (NI), reg 131; 2 Support (NI) 98, art 3; Teaching & Higher Education Act 98, sec 22; ED (Scot) Act 80, sec 73(f), 73B & 74 Grant 51826 Grant means1 any kind of educational grant or award and includes any 1. scholarship 2. studentship 3. exhibition 4. allowance 5. bursary. Decision makers should note that it does not include any payment derived from access or any payment of education maintenance allowance. 1 ESA Regs (NI), reg 131 Access funds 51827 Access funds are grants, loans or other payments made under specific law1 that are paid on a discretionary basis to assist students in financial difficulties2. 1 Education and Libraries (Northern Ireland) Order 1993, art 30; Further Education (Northern Ireland) Order 1997, art 5; F & HE Act 92, sec 68; Ed (Scot) Act 80, sec 73(a), (c) & sec 74(1); 2 ESA Regs (NI), reg 131 [See DMG Memo Vol 1/74, 2/17, 4/89, 5/76, 6/60, 8/15, 9/6 & 14/40] 51828 Access funds also include in - ‘Learner Support Funds’ which may be made available to students under specific law1. For those in further education they are paid out of funds provided by the Secretary of State for Education, the Chief Executive of Skills Funding for England2 in - ‘Financial Contingency Funds’ made available by the National Assembly for Wales2. 1 L & S Act 2000, sec 5, 6 & 9; 2 ESA Regs (NI), reg 131 Note : Access funds do not include Assembly Learning Grants. Financial Contingency Funds are made available to prevent the financial hardship of students who are not eligible for an Assembly Learning Grant. 51829 - 51830
dmg-vol9-chapter51.DOCX