Sale of Student Loans Act 2008 explained

Short Title:Sale of Student Loans Act 2008[1]
Parliament:Parliament of the United Kingdom
Long Title:An Act to enable the sale of rights to repayments of student loans; and for connected purposes.
Statute Book Chapter:2008 c.10
Introduced By:John Denham[2]
Territorial Extent:England and Wales[3]
Royal Assent:21 July 2008[4]
Commencement:21 July 2008[5]
Original Text:http://www.legislation.gov.uk/ukpga/2008/10/enacted
Revised Text:http://www.legislation.gov.uk/ukpga/2008/10
Legislation History:http://services.parliament.uk/bills/2007-08/saleofstudentloans.html

The Sale of Student Loans Act 2008 (c.10) is an Act of the Parliament of the United Kingdom. It was passed to authorise the sale of the government's student loan portfolio to the private sector in order to raise revenue by secondary legislation. The act only extends to England and Wales as Scottish education is an exclusive competency of the Scottish Government and the powers to make the required secondary legislation for Wales are vested in Welsh Ministers.

Notes and References

  1. This short title was conferred by section 12 of the Act.
  2. http://services.parliament.uk/bills/2007-08/saleofstudentloans.html Bills and Legislation
  3. The Sale of Student Loans Act 2008, section 13
  4. https://publications.parliament.uk/pa/ld200708/ldhansrd/text/80721-0012.htm#08072139000002 Hansard (House of Lords)
  5. The Sale of Student Loans Act 2008, section 14 (provided that the Act came into force on the date on which it received royal assent).

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Sale of Student Loans Act 2008".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.