{
  "url": "https://openlegislation.uk/education-student-loans-regulations-1998/schedule-2/paragraph-7",
  "json_url": "https://openlegislation.uk/education-student-loans-regulations-1998/schedule-2/paragraph-7.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/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "The lender will work out the monthly repayment amount for each year by adding to the principal balance as at 1st September (or 1st April in the case of the first repayment amount) the amount of interest which will after taking account of repayments accrue over the remaining period of the loan at the current rate and dividing the total by the number of repayments then unpaid. The first monthly repayment amount will be fixed for five months beginning in April and from then on each monthly repayment amount will be fixed for 12 months beginning in September.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words inserted",
      "affecting": "uksi/2007/1630",
      "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007"
    },
    {
      "type": "inserted",
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      "affecting_title": "The Education (Student Loans) (Amendment) (England and Wales) Regulations 2007"
    },
    {
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    {
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    {
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      "affecting_title": "The Education (Student Loans) (Amendment) Regulations 1998"
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      "affecting_title": "The Education (Student Loans) (Amendment) Regulations 1999"
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      "affecting_title": "The Personal Independence Payment (Supplementary Provisions and Consequential Amendments) Regulations 2013"
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      "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"
    },
    {
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      "affecting_title": "The Disability Assistance for Children and Young People (Consequential Amendment and Transitional Provision) (Scotland) Regulations 2021"
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      "affecting_title": "The Consumer Credit (EU Directive) Regulations 2010"
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      "affecting_title": "The Disability Assistance for Working Age People (Consequential and Miscellaneous Amendment and Transitional Provision) (Scotland) Regulations 2022"
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      "type": "added (E, W)",
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      "affecting_title": "The Education (Student Loans) (Amendment) (No. 2) (England and Wales) Regulations 2005"
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    {
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      "affecting_title": "The Education (Student Loans) (Amendment) (No. 2) (England and Wales) Regulations 2005"
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    {
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      "affecting_title": "The Education (Student Loans) (Amendment) (No. 2) (England and Wales) Regulations 2005"
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    {
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      "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",
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      "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/7",
    "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."
}