View All - 1972 Acts Section No : Acts & Ordinances STUDENTS (HIGHER EDUCATION) LOAN FUNDMarginal Notes1. This Act may be cited as the Students (Higher Education) Loan Fund Act, No. 4 of 1972.2. Establishment of Students (Higher Education) Loan Fund. 3. Object of the Loan Fund. 4. Preparation of lists of students eligible for loans. 5. To whom specified bank may grant loans and the terms of such loans. 6. Refusal or suspension of a loan. 7. Recovery of loans and interest by a specified bank. 8. Duties of recipients of loans. 9. Duties of an employer. 10. Implied consent for the recovery of outstanding debts. 11. Recovery of moneys from minors. 12. Specified bank to be deemed to be the principal creditor. 13. Restriction on recipient of loan leaving Ceylon. 14. Recipient or guarantor of a loan not to plead the benefit of certain enactments. 15. Moneys from Loan Fund. 16. Irrecoverable loans. 17. Sums to be paid into the Loan. fund. 18. Sums to be paid out at the Loan Fund. 19. Officers, employees, &c, deemed to be public servants. 20. Offences and penalties. 21. Retrospective effect of the Act. 22. Interpretation.