Sale of Student Loans Act 2008

Last updated

Sale of Student Loans Act 2008 [1]
Royal Coat of Arms of the United Kingdom (Variant 1, 2022).svg
Long title An Act to enable the sale of rights to repayments of student loans; and for connected purposes.
Citation 2008 c.10
Introduced by John Denham [2]
Territorial extent  England and Wales [3]
Dates
Royal assent 21 July 2008 [4]
Commencement 21 July 2008 [5]
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

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.

Related Research Articles

<span class="mw-page-title-main">Statutory instrument (UK)</span> Type of secondary legislation in the United Kingdom

A statutory instrument (SI) is the principal form in which delegated legislation is made in Great Britain.

<span class="mw-page-title-main">Senedd</span> Devolved parliament of Wales

The Senedd, officially known as the Welsh Parliament in English and Senedd Cymru in Welsh, is the devolved, unicameral legislature of Wales. A democratically elected body, it makes laws for Wales, agrees to certain taxes, and scrutinises the Welsh Government. It is a bilingual institution, with both Welsh and English being the official languages of its business. From its creation in May 1999 until May 2020, the Senedd was known as the National Assembly for Wales.

<span class="mw-page-title-main">Obscene Publications Acts</span> United Kingdom legislation

Since 1857, a series of obscenity laws known as the Obscene Publications Acts have governed what can be published in England and Wales. The classic definition of criminal obscenity is if it "tends to deprave and corrupt," stated in 1868 by Lord Justice Cockburn, in Regina v. Hicklin, now known as the Hicklin test.

<span class="mw-page-title-main">Scotland Act 1998</span> United Kingdom legislation

The Scotland Act 1998 is an Act of the Parliament of the United Kingdom which legislated for the establishment of the devolved Scottish Parliament with tax varying powers and the Scottish Government. It was one of the most significant constitutional pieces of legislation to be passed by the UK Parliament between the passing of the European Communities Act in 1972 and the European Union (Withdrawal) Act in 2018 and is the most significant piece of legislation to affect Scotland since the Acts of Union in 1707 which ratified the Treaty of Union and led to the disbandment of the Parliament of Scotland.

<span class="mw-page-title-main">Legislative consent motion</span> Consent to UK law affecting devolved matter

A legislative consent motion is a motion passed by either the Scottish Parliament, Senedd, or Northern Ireland Assembly, in which it consents that the Parliament of the United Kingdom may pass legislation on a devolved issue over which the devolved government has regular legislative authority.

The boundary commissions in the United Kingdom are non-departmental public bodies responsible for determining the boundaries of constituencies for elections to the House of Commons. There are four boundary commissions:

<span class="mw-page-title-main">Politics of England</span> Overview of the political system in England

Politics of England forms the major part of the wider politics of the United Kingdom, with England being more populous than all the other countries of the United Kingdom put together. As England is also by far the largest in terms of area and GDP, its relationship to the UK is somewhat different from that of Scotland, Wales or Northern Ireland. The English capital London is also the capital of the UK, and English is the dominant language of the UK. Dicey and Morris (p26) list the separate states in the British Islands. "England, Scotland, Northern Ireland, the Isle of Man, Jersey, Guernsey, Alderney, and Sark.... is a separate country in the sense of the conflict of laws, though not one of them is a State known to public international law." But this may be varied by statute.

Tuition fees were first introduced across the entire United Kingdom in September 1998 under the Labour government of Tony Blair to fund tuition for undergraduate and postgraduate certificate students at universities; students were required to pay up to £1,000 a year for tuition. However, only those who reach a certain salary threshold (£21,000) pay this fee through general taxation. In practice, higher education (HE) remains free at the point of entry in England for a high minority of students.

<span class="mw-page-title-main">Scottish Courts and Tribunals Service</span> Independent public body

The Scottish Courts and Tribunals Service (SCTS) is an independent public body which is responsible for the administration of the courts and tribunals of Scotland. The Service is led by a board which is chaired by the Lord President of the Court of Session, and employs over 1000 staff members in the country's 39 sheriff courts, 34 justice of the peace courts, the Court of Session and the High Court of Justiciary, and at the service's headquarters in Edinburgh. The day-to-day administration of the service is the responsibility of its chief executive and executive directors. The Scottish Courts and Tribunals Service is also responsible for providing administrative services for the Judicial Office for Scotland, the Office of the Public Guardian, the Accountant of Court, the Criminal Courts Rules Council, and the Scottish Civil Justice Council.

The alcohol licensing laws of the United Kingdom regulate the sale and consumption of alcohol, with separate legislation for England, Wales, Northern Ireland and Scotland being passed, as necessary, by the UK parliament, the Senedd in Wales, the Northern Ireland Assembly, and the Scottish Parliament respectively.

<span class="mw-page-title-main">Supreme Court of the United Kingdom</span> Final court of appeal in the United Kingdom

The Supreme Court of the United Kingdom is the final court of appeal in the United Kingdom for all civil cases, and for criminal cases originating in England, Wales and Northern Ireland. As the United Kingdom’s highest appellate court for these matters, it hears cases of the greatest public or constitutional importance affecting the whole population.

Town and country planning in the United Kingdom is the part of English land law which concerns land use planning. Its goal is to ensure sustainable economic development and a better environment. Each country of the United Kingdom has its own planning system that is responsible for town and country planning, which outside of England is devolved to the Northern Ireland Assembly, the Scottish Parliament and the Senedd.

<span class="mw-page-title-main">Bank Charter Act 1844</span> United Kingdom legislation

The Bank Charter Act 1844, sometimes referred to as the Peel Banking Act of 1844, was an Act of the Parliament of the United Kingdom, passed under the government of Robert Peel, which restricted the powers of British banks and gave exclusive note-issuing powers to the central Bank of England. It is one of the Bank of England Acts 1694 to 1892.

The law of Northern Ireland is the legal system of statute and common law operating in Northern Ireland since the partition of Ireland established Northern Ireland as a distinct jurisdiction in 1921. Prior to 1921, Northern Ireland was part of the same legal system as the rest of Ireland.

Citation of United Kingdom legislation includes the systems used for legislation passed by devolved parliaments and assemblies, for secondary legislation, and for prerogative instruments. It is relatively complex both due to the different sources of legislation in the United Kingdom, and because of the different histories of the constituent countries of the United Kingdom.

<span class="mw-page-title-main">Fire services in the United Kingdom</span>

The fire services in the United Kingdom operate under separate legislative and administrative arrangements in England and Wales, Northern Ireland, and Scotland.

The Teaching and Higher Education Act 1998 was enacted by the United Kingdom Parliament on 16 July 1998. It enabled universities to charge tuition fees, and established statutory General Teaching Councils (GTC's) for England, Wales and Northern Ireland and the modification the remit of the General Teaching Council for Scotland. The act also made provision for the new system of student loans that were introduced, and introduces paid leave from work for training towards a qualification. The passing of this act repealed the Education Act 1998, and the sections relating to student finance in the Education Act 1996. The student loans system was later updated in the Higher Education Act 2004.

In many countries, a statutory instrument is a form of delegated legislation.

The New National Consumer Council, operating as Consumer Futures, was a non-departmental public body and statutory consumer organisation in England, Wales, Scotland, and, for postal services, Northern Ireland. It was established by the Consumers, Estate Agents and Redress Act 2007, and began operations in 2008 by the merging of Postwatch, Energywatch and the Welsh, Scottish and National Consumer Councils under the Consumer Focus brand.

A logbook loan is a form of secured lending in the United Kingdom and is the most common modern example of a security bill of sale. Borrowers transfer ownership of their car, van or motorcycle to the logbook lender as security for a loan. While making repayments borrowers keep possession of their vehicle and continue to use it. When the logbook loan is repaid, the borrower regains ownership of their vehicle. Borrowers hand the logbook lender the V5C registration document - or "logbook" - but this is purely symbolic and has no legal effect. If the borrower defaults, the logbook lender can seize the vehicle and look to the proceeds of sale for satisfaction of the loan. Unlike a car title loan in the United States, the logbook lender can, under English law, seize the vehicle without a court order.

References

  1. This short title was conferred by section 12 of the Act.
  2. Bills and Legislation
  3. The Sale of Student Loans Act 2008, section 13
  4. Hansard (House of Lords), 21 July 2008, vol. 703, col. 1579
  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).