Paragraph 8
Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:
- Sch. 2 para. 4 words inserted by Education (Student Loans) 2007 reg. 12(4)
- Sch. 2 para. 4C inserted by Education (Student Loans) 2007 reg. 12(5)
- Sch. 2 para. 13A words substituted by Education (Student Loans) 2007 reg. 12(6)
- Sch. 2 para. 13C inserted by Education (Student Loans) 2007 reg. 12(7)
- Sch 2, para 1 defn(s) am (S) by Education (Student Loans) Amendment 2001 regs 2, 4
- Sch 2, para 1 defn(s) am (E, W) by Education (Student Loans) 2001 regs 2, 4
- Sch.2, para.15 amended by Education (Student Loans) 1998 reg.6
- Sch.2, para.1 defn(s) amended by Education (Student Loans) 1999 reg.4(a)
- Sch.2, para.3 amended by Education (Student Loans) 1999 reg.4(b)
- Sch. 2 para. 1 words inserted by Personal Independence Payment (Supplementary Provisions and Consequential Amendments) 2013 Sch. para. 20
- Sch. 2 para. 1 words substituted by Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) 2013 reg. 51
- Sch. 2 para. 1 words inserted by Disability Assistance (Scottish Adult Disability Living Allowance) (Consequential Amendment, Revocation and Saving Provision) 2024 reg. 6
- Sch. 2 para. 1 words substituted by Financial Services and Markets Act 2000 (Regulated Activities) 2013 Sch. para. 20
- Sch. 2 para. 1 words inserted by Disability Assistance for Children and Young People (Consequential Amendment and Transitional Provision) 2021 reg. 5
- Sch. 2 para. 1 words substituted by Consumer Credit (EU Directive) 2010 reg. 68
- Sch. 2 para. 1 words inserted by Disability Assistance for Working Age People (Consequential and Miscellaneous Amendment and Transitional Provision) 2022 reg. 5
- Sch 2, Pt I, para 1 defn(s) added (E, W) by Education (Student Loans) 2005 regs 4, 8(1), (2)
- Sch 2, Pt I, para 4 am (E, W) by Education (Student Loans) 2005 regs 4, 8(1), (3)
- Sch 2, Pt I, para 4A added (E, W) by Education (Student Loans) 2005 regs 4, 8(1), (4)
- Sch 2, Pt I, para 13A added (E, W) by Education (Student Loans) 2005 regs 4, 8(1), (5)
- sch 2 am by Education (Student Loans) 2006 reg 13
- Sch. 2 para. 1 words substituted by Education (Student Loans) 2007 reg. 12(2)
- Sch. 2 para. 1 words substituted by Education (Student Loans) 2007 reg. 12(3)
- Sch. 2 para. 1 words inserted by Armed Forces and Reserve Forces Compensation Scheme (Consequential Provisions: Subordinate Legislation) 2013 Sch. para. 14(2)
- Sch. 2 para. 1 words omitted by Employment and Support Allowance and Universal Credit (Miscellaneous Amendments and Transitional and Savings Provisions) 2017 Sch. 1 para. 13
- Sch. 2 para. 1 words inserted by Welfare Reform 2013 reg. 5
The borrower can at any time prepay any or all of the loan without penalty. If he wants to repay the loan in full he can ask the lender for a written statement telling him the exact amount he needs to repay. If he makes a prepayment of part of the loan the lender will not change the borrower’s monthly repayment amount until the September which follows the prepayment.