# The Education (Student Loans) (Repayment) (Amendment) (No. 3) Regulations 2023, Regulation 4: Repayments by overseas borrowers: new fixed instalment rate for plan 1 loans


(1) The 2009 Regulations are amended as follows.
(2) For regulation 74(3) (fixed instalment rate), substitute—
“(3) The fixed instalment rate for a plan 1, 2, 3 or 5 loan is calculated in accordance with regulation 74A.”.
(3) In regulation 74A (how to calculate fixed instalment rate)—
(a) in paragraph (1) for “plan 2” substitute “plan 1, 2”;
(b) in paragraph (2) for “plan 2” substitute “plan 1, 2”;
(c) after paragraph (3), in the Example, for “applicable to plan 2” substitute “applicable to plan 1, 2”.

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Source: https://www.legislation.gov.uk/uksi/2023/1184/regulation/4 (the official version)
Page: https://openlegislation.uk/education-student-loans-repayment-amendment-no-3-regulations-2023/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.