# The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024, Regulation 25: Insertion of regulation 70A (how to calculate applicable threshold)

Extent: N.I.

After regulation 70 (repayment by income-related instalments) insert—
“How to calculate applicable threshold
70A. The applicable threshold is, in relation to a borrower’s loan, the amount—
(a) rounded up to the nearest £5 (if necessary), and
(b) being the product of—
(i) the repayment threshold for the loan, and
(ii) the country-specific multiplier for the borrower’s country of residence.”.

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Source: https://www.legislation.gov.uk/nisr/2024/55/regulation/25 (the official version)
Page: https://openlegislation.uk/education-student-loans-repayment-amendment-regulations-northern-ireland-2024/regulation-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.