Regulation 21AB Lower interest threshold for plan 2 loansF1
(1)
For a domestic borrower, the lower interest threshold is the repayment threshold for a plan 2 loan.
(2)
For an overseas borrower, the lower interest threshold is the amount rounded up to the nearest £5 (if necessary) being the product of—
(a)
the lower interest threshold for a domestic borrower, and
(b)
the country-specific multiplier for the overseas borrower’s country of residence.
Annotations
Textual amendments
- F1
Regs. 21AA, 21AB inserted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 26
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