# The Education (Interest on Student Loans) (Scotland) Regulations 2009

S.S.I. 2009/189 · made 14 May 2009

These Regulations amend the Education (Student Loans for Tuition Fees) (Scotland) Regulations 2006 (“the 2006 Regulations”) and the Education (Student Loans) (Scotland) Regulations 2007 (“the 2007 Regulations”).

Made under: Education (Scotland) Act 1980 (Section 73, Section 73B, Section 74)

PDFs: Printed copy https://openlegislation.uk/education-interest-on-student-loans-scotland-regulations-2009/pdf/ssi_20090189_en.pdf; Executive Note https://openlegislation.uk/education-interest-on-student-loans-scotland-regulations-2009/pdf/ssien_20090189_en.pdf

## Introductory text

EDUCATION
Made 14th May 2009
Laid before the Scottish Parliament 15th May 2009
Coming into force 25th June 2009
The Scottish Ministers make the following Regulations in exercise of the powers conferred by sections 73(f), 73B and 74(1) of the Education (Scotland) Act 1980 and all other powers enabling them to do so.

## 1 Citation and commencement

These Regulations may be cited as the Education (Interest on Student Loans) (Scotland) Regulations 2009 and come into force on 25th June 2009.

## 2 Amendment of the Education (Student Loans for Tuition Fees) (Scotland) Regulations 2006

In regulation 11(1) (interest) of the Education (Student Loans for Tuition Fees) (Scotland) Regulations 2006 after “paragraph (2),” insert “if the Scottish Ministers determine that loans are to bear interest,”.

## 3 Amendment of the Education (Student Loans) (Scotland) Regulations 2007

In regulation 14(1) (interest) of the Education (Student Loans) (Scotland) Regulations 2007 after “paragraph (2),” insert “if the Scottish Ministers determine that loans are to bear interest,”.

## Signature

FIONA HYSLOP
A member of the Scottish Executive
St Andrew’s House,
Edinburgh
14th May 2009

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Education (Student Loans for Tuition Fees) (Scotland) Regulations 2006 (“the 2006 Regulations”) and the Education (Student Loans) (Scotland) Regulations 2007 (“the 2007 Regulations”).
The effect of these amendments is that the interest rates prescribed by the 2006 Regulations and the 2007 Regulations only apply to student loans which the Scottish Ministers have determined are to bear interest. Where the Scottish Ministers make such a determination then, subject to the low interest cap imposed by consumer credit legislation, the rate set by the Scottish Ministers will continue to be the equivalent to the annual percentage increase in the Retail Prices (All items) Index for the month of March preceding the beginning of the academic year in August or September.

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Source: https://www.legislation.gov.uk/ssi/2009/189 (the official version)
Page: https://openlegislation.uk/education-interest-on-student-loans-scotland-regulations-2009
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.