Regulation 6 Amendment of the Education (Student Loans) (Repayment) Regulations 2009

omit paragraph (8);

after paragraph (7) insert—

“(8)

The repayment threshold in relation to a post-2012 student loan is—

(a)

for the repayment threshold year ending on 5 April 2019, an amount of £25,000, and

(b)

for each subsequent repayment threshold year, an amount equal to A + (A x B) and rounded up to the nearest £5 where—

A is the repayment threshold for the previous repayment threshold year, and

B is the relevant percentage difference in average earnings.

(8A)

The repayment threshold in relation to a postgraduate master’s degree loan is an amount of £21,000.”.