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Anyone know where this comes from?

The MSE guide to pre 1998 student loans updated Sept 2025 says this: "No new loans of this type were issued after 31 August 1998. However, if you took out this type of loan for your first year of study when the system was coming to an end, you would have remained on the old system for the remainder of your course."

Does anyone know where this guidance comes from? I can't find it anywhere. The Gov.uk website only refers to plan 1 onwards.

TYIA

Comments

  • Ed-1
    Ed-1 Posts: 3,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 October at 6:48AM
    The MSE guide to pre 1998 student loans updated Sept 2025 says this: "No new loans of this type were issued after 31 August 1998. However, if you took out this type of loan for your first year of study when the system was coming to an end, you would have remained on the old system for the remainder of your course."

    Does anyone know where this guidance comes from? I can't find it anywhere. The Gov.uk website only refers to plan 1 onwards.

    TYIA
    The Income Contingent student loan repayment regulations apply to loans made under Section 22 of the Teaching and Higher Education Act 1998 as per the student support regulations 1998 which state the following:

    https://www.legislation.gov.uk/uksi/1998/2003/contents/made

    "These Regulations, which come into force on 1st September 1998, are the first Regulations made under section 22 of the Teaching and Higher Education Act 1998. They provide for loans for maintenance for eligible students attending designated courses of higher education beginning on or after 1st September 1998."

    So any loan for a course beginning before then is not made under Section 22 of the Teaching and Higher Education Act 1998 and therefore not Income Contingent and would be made under the predecessor legislation of mortgage-style repayments.
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