Paragraph 8 I1

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 2 para. 1 words substituted by Education (Student Loans) 2001 reg. 2(3)
Sch. 2 para. 1 words inserted by Education (Student Loans) 1999 reg. 4(a)
Sch. 2 para. 3 words substituted by Education (Student Loans) 1999 reg. 4(b)(i)
Sch. 2 para. 3 words inserted by Education (Student Loans) 1999 reg. 4(b)(ii)
Sch. 2 para. 1 words inserted by Personal Independence Payment (Supplementary Provisions and Consequential Amendments) 2016 reg. 19
Sch. 2 para. 1 words substituted by Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) 2016 reg. 44
Sch. 2 para. 1(e) words omitted by Universal Credit (Miscellaneous Amendments and Transitional and Savings Provisions) 2017 Sch. 1 para. 4
Sch. 2 para. 1 words inserted by Education (Student Loans) 2005 reg. 8(2)
Sch. 2 para. 4 words substituted by Education (Student Loans) 2005 reg. 8(3)
Sch. 2 para. 4A inserted by Education (Student Loans) 2005 reg. 8(4)
Sch. 2 para. 13A inserted by Education (Student Loans) 2005 reg. 8(5)
Sch. 2 para. 1 words inserted by Education (Student Loans) 2006 reg. 11(2)(a)
Sch. 2 para. 1 words substituted by Education (Student Loans) 2006 reg. 11(2)(b)
Sch. 2 para. 4 words substituted by Education (Student Loans) 2006 reg. 11(3)
Sch. 2 para. 4B inserted by Education (Student Loans) 2006 reg. 11(4)
Sch. 2 para. 13B inserted by Education (Student Loans) 2006 reg. 11(5)
Sch. 2 para. 1 words substituted by Education (Student Loans) 2007 reg. 10(2)
Sch. 2 para. 1 words substituted by Education (Student Loans) 2007 reg. 10(3)
Sch. 2 para. 4 words inserted by Education (Student Loans) 2007 reg. 10(4)
Sch. 2 para. 4C inserted by Education (Student Loans) 2007 reg. 10(5)
Sch. 2 para. 13A words substituted by Education (Student Loans) 2007 reg. 10(6)
Sch. 2 para. 13C inserted by Education (Student Loans) 2007 reg. 10(7)
Sch. 2 para. 1 words inserted by Armed Forces and Reserve Forces Compensation Scheme (Consequential Provisions: Subordinate Legislation) 2013 art. 7(2)
Sch. 2 para. 1 words substituted by Financial Services and Markets Act 2000 (Regulated Activities) 2013 Sch. para. 19

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.

Annotations

Commencement

I1: Sch. 2 para. 8 in operation at 1.3.1998, see reg. 1