PART 2Amendments to the Repayment Regulations
Amendment of Part 5 (Repayment by Overseas Borrowers)
Amendments to regulation 69 (repayment by fixed instalments)22.
In regulation 69 (repayment by fixed instalments) —
(a)
the existing text of regulation 69 is renumbered as paragraph (1);
(b)
in regulation 69(1), omit “calculated in accordance with regulation 71”;
(c)
After regulation 69(1) insert—
“(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.”