Poll: Should this bill be passed into law?
As many are of the opinion, Aye (25)
58.14%
On the contrary, No (13)
30.23%
Abstain (5)
11.63%
This discussion is closed.
Saracen's Fez
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#1
Report Thread starter 1 year ago
#1
V1429 – Student Loan Agreements Bill 2018, TSR Government
A
BILL
TO

prevent retrospective amendments, changes and other manipulations of student loan agreements

BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:—

1(X)Definitions
For the purpose of this Act:-
(X) (1) ‘higher education course’ shall refer to study of one or multiple areas of study, culminating in a formal qualification, typically, at level 6 undertaken at educational establishments dedicated to the provision of aforementioned study.
(X) (2) ‘academic stream’, in relation to higher education courses, shall be taken to disregard technical education, and/or any course to which a formal qualification is not awarded.
(X) (3) ‘tuition fees’ shall refer to the charge incurred due to the undertaking of an academic stream higher education course.
(X) (4) ‘student’ shall refer to any person in the course of undertaking an academic stream higher education course, to which he becomes liable to repay tuition fees.
(X) (5) ‘designated entity’ shall refer to the body corporate, governmental or otherwise, to which Her Majesty’s Government, specifically the Department for Education, has bestowed the responsibility for the provision, supervision, management and collection of tuition fee repayments.

PART I
GENERAL

2(X)General prohibition
(1) No retrospective or retroactive change to the contractual agreements in respect to the financing of higher education, and the repayment of said finance, (“student loans”) between students and the designated entity, acting on behalf of Her Majesty’s Government, or providers of higher education courses may take place, except in the circumstances outlined in section 3.
(2) This shall, herein, be referred to the ‘general prohibition’.
(3) No prospective or provisional contractual agreement in respect to student loans may have terms which stipulate or otherwise knowingly and explicit contradict the general prohibition.
(4) The general prohibition does not, under any circumstance, prevent the designated entity or provider of higher education to issue a new contractual agreement with altered terms on the condition that the student to which the new contractual agreement is issued to is:-
(X) (a) willing to agree to the terms of the new contractual agreement;
(X) (b) understands that he will be unable to revert to the terms of the original agreement;
(X) (c) made aware that he is not obligated to agree to the new contractual agreement, and
(X) (d) made aware that the original contractual agreement stands.

3(X)Exemptions
(1) The general prohibition does not apply:-
(X) (a) during the cooling-off period as stipulated in the contractual agreement, the Consumer Contracts Regulations or the Consumer Rights Act, whichever is greatest;
(X) (b) if the contractual agreement is deemed to have a meaningful and critical error that otherwise compromises the integrity of the entire contractual agreement;
(X) (c) under circumstances where the change to a contractual agreement has been agreed to by the student to whom the change affects;
(X) (d) under circumstances where an Act has been put forward by the Secretary of State for Education before Parliament permitting a specified and restricted change in one or more contractual agreements; and
(X) (e) under circumstances where the change to a contractual agreement can be reasonably expected to benefit the student.
(2) The student retains the right to challenge and otherwise appeal any change made to a contractual agreement under subsections (1)(b) and (1)(e).
(3) Where a change is reasonably expected to occur, the student must receive written notice 30 days prior to said change coming into force.

PART II
CITATION AND COMMENCEMENT

4(X)Citation and Commencement:
(1) This act extends to the whole of the United Kingdom.
(2) This act will come into force upon Royal Assent.
(3) This act may be cited as the Student Loan Agreements Act 2018

Notes
Spoiler:
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In order to complement the Department for Education’s Ministerial Report, this Bill proposes the notion that it shall now be prohibited to retroactively or retrospectively alter the terms of repayment or the terms of the student loan finance agreement except in proscribed circumstances. This ensures that students are given peace of mind and stability in the repayment schedule and magnitude.

0
ns_2
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#2
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Aye; a bill that enshrines into legislation a principle of protection - preventing unwarranted, unplanned and undisclosed changes to student loan agreements - thereby enhancing the level of emotional stability associated with the presumed burden of student finance.
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Jammy Duel
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#3
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(Original post by ns_2)
Aye; a bill that enshrines into legislation a principle of protection - preventing unwarranted, unplanned and undisclosed changes to student loan agreements - thereby enhancing the level of emotional stability associated with the presumed burden of student finance.
And would have prevented the last change, you know the one that saves graduates £360 a year and written in a really bad way
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ns_2
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(Original post by Jammy Duel)
And would have prevented the last change, you know the one that saves graduates £360 a year and written in a really bad way
The increase to the repayment threshold would have been permitted under clause 3(1)(e).
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Rakas21
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#5
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Aye.
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Saracen's Fez
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The Ayes to the right: 25
The Noes to the left: 13
Abstentions: 5

The Ayes have it! The Ayes have it! Unlock!

Turnout: 97.73%
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