PGN/AFC/2021
9
Section 5 Terms and Conditions
You must sign, date and return this form before any payment can be made to you.
If you cannot sign the form it must be signed on your behalf by your attorney.
The Power of Attorney letter must be sent with the application before a signature from that attorney
will be accepted.
These terms and conditions (“terms”) and applicable
legislation apply to all of the student finance available
to students for the academic year 2020/21.
I understand that my application for student
finance may be delayed unless I sign and date
these terms.
Loan Contract
1. I confirm I have read and understood these terms
and A Guide to Terms and Conditions available
at www.studentfinanceni.co.uk/terms-and-
conditions
2. I confirm that to the best of my knowledge and
belief, the information I have provided is true and
complete. If it is not, I understand that I may not
receive student finance, any support I have had
may be withdrawn and I could be prosecuted.
3.
I understand that student finance is provided
to me by the Department for the Economy (the
“Lender”) which includes any persons acting on
its behalf and any replacement(s) under Article
4(3) of the Education (Student Support) (Northern
Ireland) Order 1998 as amended or replaced from
time to time (the “Order”).
4. I understand these terms, the Order and the
regulations made under Article 3 of the Order will
apply to any student finance provided to me by
the Lender
.
5. I understand that “student finance” in these terms
means financial support by way of grant(s) and/or
loan(s) made by the Lender under the regulations.
6. I understand that the Student Loans Company
Limited (“SLC”) and the Education Authority (“EA”)
carry out certain functions on behalf of the Lender.
My Obligations
7. I understand that if I have:
(i) reached the age of 18 years; and
(ii) have entered into agreement(s) for a loan
under the Order before I reached the age of
18 years,
I am agreeing to “ratify” any and all such student
loans by signing these terms. This means that
I confirm I entered into agreement(s) with the
Lender and agree to the terms of any such
previous agreement(s). If I have reached the
age of 18 and refuse to “ratify” any previous
agreement(s), I understand that I will not be
eligible to get any further student finance under
the regulations.
8. I agree to give SLC and EA any information they
need in support of this application for student
finance and to seek repayment.
9. I agree to tell SLC and EA immediately if my
circumstances change in any way that might affect
my entitlement to student finance. I understand
that if I do not do this I may not get any further
payments and I may have to repay the student
finance I have already received. I agree that from
the date I submit my student finance application
until my loan(s), together with all and any interest,
penalties and charges which apply, is fully repaid
I must tell SLC and EA about any changes in my
personal details (including my National Insurance
number) and contact details I have provided.
10.
I agree that if I get an overpayment of student
finance, I need to repay this in full and that any
overpayment may be taken from any future
entitlement to student finance.
11. I agree that I will repay the Lender any loan(s),
together with all and any interest, penalties
and charges which apply. I understand that this
repayment will be due by me to the Lender as
a debt. If I breach any of the terms of my loan,
I agree to pay any charges and penalties which
apply under the Order and the regulations. I
understand that I will repay my loan(s) through the
United Kingdom (“UK”) tax system and/or I may
repay SLC directly. If I live abroad, I will repay my
loan(s) to SLC directly.
12.
I agree that any loan(s) made to me in
accordance with the regulations once my
application is accepted by the Lender is a/
are contract(s) between me and the Lender. I
understand that I am liable for my loan(s) and will
be charged interest from the first payment of the
loan advance by the Lender.
13.
I agree to tell SLC if I leave the UK to live outside
the UK or if for any other reason I am outside the
UK tax system for more than three months.
Legal Action and Applicable Law
14. In the event of any legal action, I agree that the
laws of Northern Ireland will apply and that the
courts of that part of the UK will hear any legal
action. If my address is outside the UK the laws
of the part of the UK where my education provider
is situated will apply and the courts of that part of
the UK will hear any legal action. I agree that the
Lender has the right to take legal action against
me in any other court with jurisdiction.