{
  "url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-4-regulations-2022/regulation-20",
  "json_url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-4-regulations-2022/regulation-20.json",
  "legislation": "uksi/2022/1335",
  "legislation_title": "The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-4-regulations-2022",
  "path": "regulation/20",
  "kind": "regulation",
  "number": "20",
  "heading": "Amendments to regulation 20 (refunds)",
  "text": "(1) Before regulation 20(1) insert—\n“(A1) This regulation applies in relation to plan 1, 2, 3 and 5 loans.”.\n(2) In regulation 20(1)(a) and (b), for “student loan or the postgraduate degree loan” substitute “loan”.\n(3) For regulation 20(1A) and (1B) substitute—\n“(1A) The excess payment accrues interest—\n(a) on and after the day on which the Authority receives the excess payment until the earlier of—\n(i) the end of the 60th day after the day on which the Authority gives notice under paragraph (1B), or\n(ii) the end of the day on which the Authority refunds the excess payment to the borrower, and\n(b) at the rate set out in paragraph (1C).\n(1B) The Authority must give notice informing the borrower of the following—\n(a) that the Authority—\n(i) has received an excess payment;\n(ii) must pay interest on an excess payment;\n(b) the period for which an excess payment accrues interest.”.\n(4) After regulation 20(1B) insert—\n“(1C) The rate at which an excess payment accrues interest is—\n(a) if the excess payment relates to a plan 1, 3 or 5 loan, the rate at which the loan would have borne interest if it had not been repaid in full;\n(b) if the excess payment relates to a plan 2 loan, the lower of—\n(i) the rate at which the loan would have borne interest if it had not been repaid in full, or\n(ii) the standard interest rate.”.\n(5) In regulation 20(2)—\n(a) in sub-paragraphs (a) and (b), for “student loan or the postgraduate degree loan” substitute “loan”;\n(b) in the words after sub-paragraph (b), for “overpayment” substitute “excess payment”.\n(6) In regulation 20(4), omit “paragraphs”.\n(7) Omit regulation 20(5).",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 20 in force at 6.4.2023, see reg. 2(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "A refund in relation to a plan 4 loan is determined in accordance with regulation 9 of the 2000 (Scotland) Regulations."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/1335/regulation/20",
    "retrieved_at": "2026-10-28T21:52:02.447712+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."
}