Sale of Student Loans Act 2008
Encyclopedia
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.
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
of the Parliament
Parliament
A parliament is a legislature, especially in those countries whose system of government is based on the Westminster system modeled after that of the United Kingdom. The name is derived from the French , the action of parler : a parlement is a discussion. The term came to mean a meeting at which...
of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. 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
Statutory Instrument
A Statutory Instrument is the principal form in which delegated or secondary legislation is made in Great Britain.Statutory Instruments are governed by the Statutory Instruments Act 1946. They replaced Statutory Rules and Orders, made under the Rules Publication Act 1893, in 1948.Most delegated...
. The act only extends to England and Wales
England and Wales
England and Wales is a jurisdiction within the United Kingdom. It consists of England and Wales, two of the four countries of the United Kingdom...
as Scottish education
Education in Scotland
Scotland has a long history of universal provision of public education, and the Scottish education system is distinctly different from the other countries of the United Kingdom...
is an exclusive competency of the Scottish Government and the powers to make the required secondary legislation for Wales are vested in Welsh Ministers.