Repayment by fixed instalmentsN.I.
69.—[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.]
Textual Amendments
F1Reg. 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)
F2Words 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)
F3Reg. 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)
Commencement Information
I1Reg. 69 in operation at 6.4.2009, see reg. 1(1)