# The Education (Student Loans) Regulations 1998, Paragraph 2


Interest will be calculated daily on the amount of the loan outstanding and will be added to the loan monthly and form part of it until the loan is repaid in full. The lender will continue to charge interest on any overdue payments both before and after judgment and during any period when the borrower does not have to make repayments, including any period of deferment.

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Source: https://www.legislation.gov.uk/uksi/1998/211/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/education-student-loans-regulations-1998/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.