Regulation 69 Repayment by fixed instalmentsI1

Northern Ireland

F1(1)

A borrower must pay to the Department a fixed instalment F2...—

(a)

no later than the day specified in a notice served under regulation 68; and

(b)

no later than the same day of each subsequent month.

F3(2)

The amount of the fixed instalment is the product of—

(a)

the fixed instalment rate for the borrower’s loan, and

(b)

the country-specific multiplier for the borrower’s country of residence.

(3)

The fixed instalment rate for the student loan is calculated in accordance with regulation 69A.

Annotations

F1: Reg. 69 renumbered as reg. 69(1) (6.4.2024) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024 (S.R. 2024/55), regs. 1(2), 22(a)
F2: Words in reg. 69(1) omitted (6.4.2024) by virtue of The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024 (S.R. 2024/55), regs. 1(2), 22(b)
F3: Reg. 69(2)(3) inserted (6.4.2024) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2024 (S.R. 2024/55), regs. 1(2), 22(c)