# The Education (Student Loans) (Repayment) Regulations 2009, Regulation 16: Deferral of repayment: initial training of teachers

Extent: E+W+S+N.I.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) A borrower—
(a) whose plan 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 loan during any period in which the borrower is also required to repay a loan made under the Education (Student Loans) Act 1990 or the Education (Student Loans) (Northern Ireland) Order 1990,
is not ... required to repay any part of the plan 1, 2 or 5 loan during any such period.
(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) if paragraph (3AA) does not apply, the standard interest rate, or
(b) if paragraph (3AA) applies, the interest rate cap within the meaning of regulation 20BA(4).
(3AA) 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).
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/uksi/2009/470/regulation/16 (the official version)
Page: https://openlegislation.uk/education-student-loans-repayment-regulations-2009/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.