new academic yearmeans an academic year beginning on or after 1st August 2005 but before 1st July 2006;”
old academic yearmeans an academic year beginning on or after 1st August 2004 but before 1st July 2005;
old loanmeans a loan the maximum amount of which is the maximum amount of loan that would have been payable under these Regulations had they not been amended by the Education (Student Loans) (Amendment) Regulations 2005;
the Principal Regulationsmeans the Education (Student Loans) Regulations 1998.