Regulation 8 Insertion of regulation 15A (timing of repayments for plan 5 LLE loans)

After regulation 15 insert—

“Timing of repayments for plan 5 LLE loans

15A

(1)

A borrower may repay all or any part of a plan 5 LLE loan to the Authority^f1 at any time, by making direct payments to the Authority.

(2)

The borrower is not required to repay any part of a plan 5 LLE loan taken out in connection with a course before the earlier of—

(a)

the start of the following tax year commencing on 6th April after the borrower has completed the course, or

(b)

the start of the following tax year commencing on 6th April after the borrower’s status as an eligible student in connection with the course terminates in accordance with regulation 13(4) to (6) of the 2026 Support Regulations.

(3)

Where a borrower transfers from one course (“course A”) to another course (“course B”) in accordance with regulation 14 of the 2026 Support Regulations, the references to “the course” in paragraphs (2)(a) and (b) are references to course B.

(4)

In this regulation, “eligible student” has the meaning given in regulation 7(2) of the 2026 Support Regulations.”.