OpenLegislation

Regulation 16 Deferral of repayment: initial training of teachersF14I1

United Kingdom

F1(1)

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F2(2)

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(3)

A borrower—

(a)

whose F3plan 1, 2 or 5 loan was made in connection with undertaking a course for the initial training of teachers, other than a course leading to a first degree; and

(b)

who has notified the Authority in writing of a desire not to repay that F4loan during any period in which the borrower is also required to repay a loan made under the Education (Student Loans) Act 1990f1 or the Education (Student Loans) (Northern Ireland) Order 1990f2,

is not F5... required to repay any part of the F6plan 1, 2 or 5 loan during any such period.

F7(3A)

If the loan the borrower is not required to repay by virtue of paragraph (3) is a plan 2 loan, for the period the borrower is not required to repay that loan, the rate at which the loan bears interest is the lower of—

(a)

F8if paragraph (3AA) does not apply, the standard interest rate, or

(F9b)

if paragraph (3AA) applies, the interest rate cap within the meaning of regulation 20BA(4).

(F103AA)

This paragraph applies if, in relation to a month, the standard interest rate exceeds by 0.1 per cent or more the interest rate cap within the meaning of regulation 20BA(4).

(3B)

Paragraph (3A) applies despite regulation 21A (interest rate on plan 2 loans).

F11(4)

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F12(5)

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F13(6)

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Annotations

Textual amendments

F1

Reg. 16(1) omitted (6.4.2023) by virtue of The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(2)

F2

Reg. 16(2) omitted (6.4.2023) by virtue of The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(2)

F3

Words in reg. 16(3)(a) substituted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(3)(a)

F4

Word in reg. 16(3)(b) substituted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(3)(b)

F5

Word in reg. 16(3) omitted (6.4.2011) by virtue of The Education (Student Loans) (Repayment) (Amendment) Regulations 2011 (S.I. 2011/784), regs. 1(1), 4

F6

Words in reg. 16(3) substituted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(3)(c)

F7

Reg. 16(3A)(3B) inserted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(4)

F8

Words in reg. 16(3A)(a) inserted (1.12.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 3) Regulations 2023 (S.I. 2023/1184), regs. 1(2), 3(2)(a)(i)

F9

Reg. 16(3A)(b) substituted (1.12.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 3) Regulations 2023 (S.I. 2023/1184), regs. 1(2), 3(2)(a)(ii)

F10

Reg. 16(3AA) inserted (1.12.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 3) Regulations 2023 (S.I. 2023/1184), regs. 1(2), 3(2)(b)

F11

Reg. 16(4) omitted (6.4.2023) by virtue of The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(5)

F12

Reg. 16(5) omitted (6.4.2023) by virtue of The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(5)

F13

Reg. 16(6) omitted (6.4.2023) by virtue of The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(5)

F14

Reg. 16 heading substituted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 16(1)

Commencement

I1

Reg. 16 in force at 6.4.2009, see reg. 1(1)

Footnotes

f1

1990 c.6 as amended by the Education (Student Loans) Act 1998 (c.1). The 1990 Act was repealed with savings by the Teaching and Higher Education Act 1998 (c. 30) section 44(2) and Schedule 4. To the extent it continues in force by virtue of those savings, it was amended by the Learning and Skills Act 2000 (c. 21) section 151 and Schedule 10, part 4.

f2

SI 1990/1506 (NI. 11).

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