{ "url": "https://openlegislation.uk/education-student-loans-regulations-1998/schedule-2/paragraph-1", "json_url": "https://openlegislation.uk/education-student-loans-regulations-1998/schedule-2/paragraph-1.json", "legislation": "uksi/1998/211", "legislation_title": "The Education (Student Loans) Regulations 1998", "legislation_url": "https://openlegislation.uk/education-student-loans-regulations-1998", "path": "schedule/2/paragraph/1", "kind": "paragraph", "number": "1", "heading": null, "text": "In the loan agreement:\n“APR” means the annual percentage rate of charge calculated under the Consumer Credit (Total Charge for Credit) Regulations 1980;\n“course” means the course of study on which the borrower was registered when his eligibility for the loan was confirmed by the HEI and includes a different course at the same HEI if the borrower would have been eligible for a loan on that course and he transfers to it without a break in study;\n“deferment level” means 85% of the lender’s estimate of average monthly earnings of all full-time employees in Great Britain for the January when the level will apply based on figures published by the Office for National Statistics, or if that Office ceases to publish relevant figures, any other published figures;\n“disability related benefits” means long term incapacity benefit or short term incapacity benefit at the higher rate, severe disablement allowance, disability living allowance, industrial injuries benefit and disability working allowance, all payable under the Social Security Contributions and Benefits Act 1992, or the amount of any disability premium and severe disability premium included in the applicable amount in calculating the income support payable under the Income Support (General) Regulations 1987, or any other statutory disability related benefit which replaces any of those benefits and which the lender gives the borrower details of;\n“disability related costs” means one twelfth of any expenditure which the lender accepts that a borrower who is in receipt of a disability related benefit will have to pay because of his disability during the 12 months following the relevant month;\n“gross income” means income from all sources before deduction for or relief from tax or other statutory charge, but not including any disability related benefits, and less any disability related costs;\n“HEI” means the Higher Education Institution which the borrower is attending for his course;\n“lender” means the Student Loans Company Limited and any person to whom that Company may transfer its rights and obligations under the loan agreement;\n“relevant month” means the month before the month in which the borrower asks for deferment;\n“RPI rate” means the percentage increase between the retail prices all items indices published by the Office for National Statistics for the two months of March immediately preceding the 1st September on which the interest rate is changed or, if that retail prices index is not published, another index which reflects price increases which the lender gives the borrower details of;\n“student loan” means a loan made by the Student Loans Company under the Student Loans Act 1990 or the Education (Student Loans) (Northern Ireland) Order 1990;", "extent": null, "status": null, "version": "current", "annotations": [ { "type": "footnote", "label": "f1", "text": "S.I. 1980/51, amended by S.I. 1985/1192 and 1989/596." }, { "type": "footnote", "label": "f2", "text": "1992 c. 4, amended by the Social Security (Incapacity for Work) Act 1994 (c. 18), sections 1 to 3, 5 to 6, 8 to 11 and Schedules 1 and 2." }, { "type": "footnote", "label": "f3", "text": "S.I. 1987/1967 (see Parts III and IV of Schedule 2); the relevant amending regulations are S.I. 1988/663, 1988/2022, 1989/1678, 1991/1559, 1991/2742, 1993/1150, 1993/2119, 1994/2139, 1994/3061, 1995/482, 1995/516, 1997/543." }, { "type": "footnote", "label": "f4", "text": "S.I. 1990/1506 (N.I. 11)." } ], "outstanding_effects": [ { "type": "words inserted", "affecting": "uksi/2007/1630", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007" }, { "type": "inserted", "affecting": "uksi/2007/1630", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007" }, { "type": "words substituted", "affecting": "uksi/2007/1630", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007" }, { "type": "inserted", "affecting": "uksi/2007/1630", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007" }, { "type": "am (S)", "affecting": "ssi/2001/210", "affecting_title": "The Education (Student Loans) Amendment (Scotland) Regulations 2001" }, { "type": "am (E, W)", "affecting": "uksi/2001/1627", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2001" }, { "type": "amended", "affecting": "uksi/1998/1676", "affecting_title": "The Education (Student Loans) (Amendment) Regulations 1998" }, { "type": "amended", "affecting": "uksi/1999/1784", "affecting_title": "The Education (Student Loans) (Amendment) Regulations 1999" }, { "type": "amended", "affecting": "uksi/1999/1784", "affecting_title": "The Education (Student Loans) (Amendment) Regulations 1999" }, { "type": "words inserted", "affecting": "uksi/2013/388", "affecting_title": "The Personal Independence Payment (Supplementary Provisions and Consequential Amendments) Regulations 2013" }, { "type": "words substituted", "affecting": "uksi/2013/630", "affecting_title": "The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013" }, { "type": "words inserted", "affecting": "ssi/2024/311", "affecting_title": "The Disability Assistance (Scottish Adult Disability Living Allowance) (Consequential Amendment, Revocation and Saving Provision) Regulations 2024" }, { "type": "words substituted", "affecting": "uksi/2013/1881", "affecting_title": "The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013" }, { "type": "words inserted", "affecting": "ssi/2021/73", "affecting_title": "The Disability Assistance for Children and Young People (Consequential Amendment and Transitional Provision) (Scotland) Regulations 2021" }, { "type": "words substituted", "affecting": "uksi/2010/1010", "affecting_title": "The Consumer Credit (EU Directive) Regulations 2010" }, { "type": "words inserted", "affecting": "ssi/2022/31", "affecting_title": "The Disability Assistance for Working Age People (Consequential and Miscellaneous Amendment and Transitional Provision) (Scotland) Regulations 2022" }, { "type": "added (E, W)", "affecting": "uksi/2005/2119", "affecting_title": "The Education (Student Loans) (Amendment) (No. 2) (England and Wales) Regulations 2005" }, { "type": "am (E, W)", "affecting": "uksi/2005/2119", "affecting_title": "The Education (Student Loans) (Amendment) (No. 2) (England and Wales) Regulations 2005" }, { "type": "added (E, W)", "affecting": "uksi/2005/2119", "affecting_title": "The Education (Student Loans) (Amendment) (No. 2) (England and Wales) Regulations 2005" }, { "type": "added (E, W)", "affecting": "uksi/2005/2119", "affecting_title": "The Education (Student Loans) (Amendment) (No. 2) (England and Wales) Regulations 2005" }, { "type": "am", "affecting": "uksi/2006/929", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2006" }, { "type": "words substituted", "affecting": "uksi/2007/1630", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007" }, { "type": "words substituted", "affecting": "uksi/2007/1630", "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007" }, { "type": "words inserted", "affecting": "uksi/2013/591", "affecting_title": "The Armed Forces and Reserve Forces Compensation Scheme (Consequential Provisions: Subordinate Legislation) Order 2013" }, { "type": "words omitted", "affecting": "uksi/2017/204", "affecting_title": "The Employment and Support Allowance and Universal Credit (Miscellaneous Amendments and Transitional and Savings Provisions) Regulations 2017" }, { "type": "words inserted", "affecting": "ssi/2013/142", "affecting_title": "The Welfare Reform (Consequential Amendments) (Scotland) (No. 3) Regulations 2013" } ], "provenance": { "source": "legislation.gov.uk", "source_url": "https://www.legislation.gov.uk/uksi/1998/211/schedule/2/paragraph/1", "retrieved_at": "2026-10-29T11:38:10.243519+00:00" }, "licence": "Open Government Licence v3.0", "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/", "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives." }