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

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.]