Calculation of fixed instalment and applicable thresholdN.I.
71.—(1) The fixed instalment in regulation 69 and the applicable threshold in regulation 70 are to be determined by reference to the most recent price level index for the borrower’s country of residence and in accordance with the following tables—
| Band | Price Level Index | Fixed Instalment |
|---|---|---|
| A | 0<30 | £49.20 |
| B | 30<50 | £98.40 |
| C | 50<70 | £147.60 |
| D | 70<90 | £196.80 |
| E | 90<110 | £246 |
| F | 110<130 | £295.20 |
| G | 130+ | £344.40 |
| Band | Price Level Index | Applicable Threshold |
| A | 0<30 | £3000 |
| B | 30<50 | £6000 |
| C | 50<70 | £9000 |
| D | 70<90 | £12000 |
| E | 90<110 | £15000 |
| F | 110<130 | £18000 |
| G | 130+ | £21000 |
[F1(1A) On 6th April 2012, and on 6th April of each subsequent year until and including the 6th April 2015 each amount in the column entitled “Applicable Threshold” shall increase to an amount equal to X + (X x Y%) and rounded up to the nearest £5 where—
X is the amount in the amount in the column entitled “Applicable Threshold” immediately before the 6th April
Y is the percentage increase between the retail prices all items index published by the Office for National Statistics for the two Marches immediately before the commencement of the previous repayment threshold year.]
(2) The price level index for the United Kingdom is 100.
(3) Price level indices are to be calculated using the most recent provisional comparative price level indices measured in gross domestic product produced by [F2the World Bank].
F3(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) Subject to paragraph (6), where a price level index cannot be calculated under paragraph (3) F4..., the applicable threshold and fixed instalment are those for band A.
(6) The Department may determine that the applicable threshold or fixed instalment for a borrower is to be that for a country other than the borrower’s present country of residence.
Textual Amendments
F1Reg. 71(1A) inserted (6.4.2011) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2011 (S.R. 2011/137), regs. 1(1), 10
F2Words in reg. 71(3) substituted (6.4.2012) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2012 (S.R. 2012/136), regs. 1, 20(a)
F3Reg. 71(4) deleted (6.4.2012) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2012 (S.R. 2012/136), regs. 1, 20(b)
F4Words in reg. 71(5) deleted (6.4.2012) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2012 (S.R. 2012/136), regs. 1, 20(c)
Commencement Information
I1Reg. 71 in operation at 6.4.2009, see reg. 1(1)