Sri Lanka Consolidated Acts

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Students (Higher Education) Loans Act (No. 50 of 1983) - Sect 6

Refusal or suspension of loan

6. The governing authority of a higher educational institution shall require a specified bank to refuse to grant a loan to any student or whore such bank has commenced the grant of a loan to a student in instalments to stop the grant of any further instalments of loan-
(a) if such student has performed unsatisfactorily at his examinations ;
(b) if such student has conducted himself improperly ; or
(c) if such student's financial condition has improved since the date on which such student's name was forwarded to such specified bank in terms of subsection (3) of section 3 or since the grant of the loan, as the case may be,
and it shall be the duly with such requirement. f such, specified batik to comply


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