{
  "url": "https://openlegislation.uk/education-student-loans-repayment-regulations-2009/regulation-21C",
  "json_url": "https://openlegislation.uk/education-student-loans-repayment-regulations-2009/regulation-21C.json",
  "legislation": "uksi/2009/470",
  "legislation_title": "The Education (Student Loans) (Repayment) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/education-student-loans-repayment-regulations-2009",
  "path": "regulation/21C",
  "kind": "regulation",
  "number": "21C",
  "heading": "Interest rate on plan 5 loans",
  "text": "(1) A plan 5 loan bears interest at the standard interest rate.\n(2) Interest accrues beginning with the day on which any part of the loan is paid.\n(3) Interest is—\n(a) calculated on the outstanding principal of the loan daily, and\n(b) added to the outstanding principal of the loan monthly.\n(4) This regulation is subject to regulation 20BA (interest rate cap: plan 2, plan 3 and plan 5 loans).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 21C inserted (6.4.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022 (S.I. 2022/1335), regs. 2(2), 28"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 21C(4) substituted (1.12.2023) by The Education (Student Loans) (Repayment) (Amendment) (No. 3) Regulations 2023 (S.I. 2023/1184), regs. 1(2), 3(5)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/470/regulation/21C",
    "retrieved_at": "2026-10-29T03:16:41.591721+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}