Regulation 15A Timing of repayments for plan 5 LLE loansF1

(1)

A borrower may repay all or any part of a plan 5 LLE loan to the Authority 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 15 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.

Annotations

Textual amendments

F1: Reg. 15A inserted (1.9.2026) by The Education (Student Loans) (Repayment) (Amendments for Lifelong Learning) Regulations 2026 (S.I. 2026/857), regs. 1(1), 8

Notes on Part 2

Textual amendments

F1: Pt. 2 heading substituted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 12