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The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009

Changes over time for: Section 70

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Version Superseded: 06/04/2024

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Repayment by income-related instalmentsN.I.

70.—(1) Where the Department is satisfied that a borrower to whom regulation 68 applies has complied with a requirement to provide information under regulation 67, the Department may determine that the borrower may repay a loan by income-related instalments in accordance with this regulation.

(2) The first such instalment must be paid on a date determined by the Department being a date not more than 2 months later than the date of the determination and subsequent instalments must be paid on the same date in each subsequent month for up to 12 months.

[F1(2A) The Department must determine the amount of each instalment and must ensure that the total amount of all instalments paid in the period up to 12 months from the date of the first instalment referred to in paragraph (2) must not exceed the relevant amount.]

F2(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F3(4) The amount of each instalment must be stated in the determination.]

(5) The amount of the instalment must be stated in the determination.

(6) At the end of the period referred to in paragraph (2), the borrower must pay fixed instalments under regulation 69, subject to a further determination under paragraph (1).

(7) At any time during the period referred to in paragraph (2), the Department may make a re-determination under paragraph (1).

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I1Reg. 70 in operation at 6.4.2009, see reg. 1(1)

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