Regulation 12 Repayment and reduction
The relevant term in relation to a mortgage style loan is—
5 years after the employment commencement date where the eligible teacher has less than 5 loans when his first repayment is due;
7 years after the employment commencement date where the eligible teacher has 5 or more loans when his first repayment is due,
less any period when the eligible teacher was not in eligible employment in relation to which repayments have been made pursuant to the arrangements made under section 1 of the 1990 Act or the Education (Student Loans) (Northern Ireland) Order 1990.
The relevant term in relation to an income contingent loan is 10 years after the employment commencement date.
A person shall cease to be eligible for a reduction or repayment after the completion of the relevant term.