The Education (Student Loans) (Repayment) (Amendment) (No. 4) Regulations 2022

Amendments to regulation 4 (application: general) E+W

7.—(1) The existing text of regulation 4 is renumbered as paragraph (1).

(2) In regulation 4(1), omit “and postgraduate degree loans made under the 1998 Act”.

(3) After regulation 4(1) insert—

“(2) The repayment of a student loan is the payment of the following to the extent they have not been repaid or paid—

(a) in relation to a plan 1, 2, 3 or 5 loan—

(i) interest payable under Part 2,

(ii) penalties, costs, expenses or charges payable under Part 2 or 5, and

(iii) the principal;

(b) in relation to a plan 4 loan—

(i) interest payable under an enactment cited in regulation 3D,

(ii) penalties, costs, expenses or charges payable under the 2000 (Scotland) Regulations, and

(iii) the principal.

(3) The principal of a student loan includes any interest, penalties, costs, expenses or charges added to the principal in accordance with any of the following—

(a) in relation to a plan 1 loan—

(i) an enactment cited in regulation 3A;

(ii) the Education (Student Loans) (Repayment) Regulations 2000(1);

(iii) these Regulations;

(b) in relation to a plan 4 loan—

(i) an enactment cited in regulation 3D;

(ii) the 2000 (Scotland) Regulations;

(c) in relation to any other student loan, these Regulations.

(4) In relation to a transferred loan, paragraphs (2) and (3) are subject to any provision included in its transfer arrangements.”.

Commencement Information

I1 Reg. 7 in force at 6.4.2023, see reg. 2(2)

(1)

S.I. 2000/944, amended by S.I. 2001/971, 2002/2087, 2004/1175, 2752, 2005/2690, 2006/745, 2009, 2007/1983, 3509 (W. 308), 2008/1879, 2715, 2009/56; revoked on 6th April 2009 by S.I. 2009/470.