{
  "url": "https://openlegislation.uk/education-student-loans-regulations-northern-ireland-1998/schedule-2/paragraph-7",
  "json_url": "https://openlegislation.uk/education-student-loans-regulations-northern-ireland-1998/schedule-2/paragraph-7.json",
  "legislation": "nisr/1998/58",
  "legislation_title": "The Education (Student Loans) Regulations (Northern Ireland) 1998",
  "legislation_url": "https://openlegislation.uk/education-student-loans-regulations-northern-ireland-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 5 months beginning in April and from then on each monthly repayment amount will be fixed for 12 months beginning in September.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 7 in operation at 1.3.1998, see reg. 1"
    }
  ],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "nisr/2001/276",
      "affecting_title": "The Education (Student Loans) (Amendment) Regulations (Northern Ireland) 2001"
    },
    {
      "type": "words inserted",
      "affecting": "nisr/1999/343",
      "affecting_title": "The Education (Student Loans) (Amendment) Regulations (Northern Ireland) 1999"
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      "affecting_title": "The Personal Independence Payment (Supplementary Provisions and Consequential Amendments) Regulations (Northern Ireland) 2016"
    },
    {
      "type": "words substituted",
      "affecting": "nisr/2016/236",
      "affecting_title": "The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations (Northern Ireland) 2016"
    },
    {
      "type": "words omitted",
      "affecting": "nisr/2017/146",
      "affecting_title": "The Universal Credit (Miscellaneous Amendments and Transitional and Savings Provisions) Regulations (Northern Ireland) 2017"
    },
    {
      "type": "words inserted",
      "affecting": "nisr/2005/435",
      "affecting_title": "The Education (Student Loans) (Amendment) (No.2) Regulations (Northern Ireland) 2005"
    },
    {
      "type": "words substituted",
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      "affecting_title": "The Education (Student Loans) (Amendment) (No.2) Regulations (Northern Ireland) 2005"
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    {
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      "affecting_title": "The Education (Student Loans) (Amendment) Regulations (Northern Ireland) 2007"
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    {
      "type": "words substituted",
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      "type": "inserted",
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    },
    {
      "type": "words inserted",
      "affecting": "uksi/2013/3021",
      "affecting_title": "The Armed Forces and Reserve Forces Compensation Scheme (Consequential Provisions: Subordinate Legislation) (Northern Ireland) Order 2013"
    },
    {
      "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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  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/1998/58/schedule/2/paragraph/7",
    "retrieved_at": "2026-10-29T02:25:15.796884+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."
}