86 Power to make alternative payments

Part 2 Other Education Measures

Financial support for students

86  Power to make alternative payments

(1)     Section 22 of the Teaching and Higher Education Act 1998 (power to give financial support to students) is amended in accordance with subsections (2) to (7).

(2)     In subsection (1), for “or loans” substitute “, loans or alternative payments”.

(3)     In subsection (2)—

(a)     in paragraphs (a), (b) and (c), for “or loan” substitute “, loan or alternative payment”,

(b)     in paragraph (g)—

(i)     after “repayment” insert “, the making of contributions”, and

(ii)     after “loans”, in each place, insert “or alternative payments”,

(c)     in paragraph (i), after “loans” insert “or as part of alternative payments”, and

(d)     in paragraph (j), for “or loans”, in each place, substitute “, loans or alternative payments”.

(4)     After subsection (4) insert—

“(4A)     Regulations under this section may not provide for alternative payments to bear any interest.

(4B)     The provision which may be made by virtue of subsection (2)(g) in relation to alternative payments under this section includes provision—

(a)     for a recipient of an alternative payment (an “AP recipient”) to be required to make, in such manner, at such times, and

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