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The Education (Student Loans) (Repayment) Regulations (Northern Ireland) 2009
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- Northern Ireland Statutory Rules
- 2009 No. 128
- PART 5
- Regulation 71
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Calculation of fixed instalment and applicable threshold
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 |
(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 Eurostat.
(4) Where the price level index for any country cannot be calculated because Eurostat does not hold the necessary data, it is to be calculated using the most recent provisional comparative price level indices measured in gross domestic product produced by the World Bank’s Development Indicators.
(5) Subject to paragraph (6), where a price level index cannot be calculated under paragraph (3) or (4), 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.
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