The Education (Student Loans) Regulations 1998
1Citation and commencement
2Revocation
3Interpretation
4Conditions of eligibility
5Designation of courses by Secretary of State
6Amounts of loans
7Terms of loans
8Duties of governing bodies in relation to loans
SCHEDULE 1ELIGIBLE STUDENTS
1(1) A person who on the first day of the...
2A person who is a refugee, ordinarily resident in the...
3A person who— (a) has been informed by a person...
4A person who is an EEA migrant worker who—
5A person who is the spouse of an EEA migrant...
6(1) A person who is the child of an EEA...
7The residence conditions referred to above are that—
SCHEDULE 2TERMS OF LOANS
PART I
1In the loan agreement: “APR” means the annual percentage rate...
2Interest will be calculated daily on the amount of the...
3The interest rate for the period between 1st September and...
4The borrower must make the first repayment in the April...
5The number of monthly repayments will be 60, or 84...
6If the borrower shows the lender that he receives a...
7The lender will work out the monthly repayment amount for...
8The borrower can at any time prepay any or all...
9Each year the lender will tell the borrower the new...
10Each deferment period will last for 12 months beginning on...
11If the borrower can defer making repayments under paragraph 9...
12The lender will cancel the borrower’s liability to repay the...
13If after the borrower has completed or left his course,...
14Unless the lender agrees otherwise the lender will collect the...
15If the borrower does not make a repayment under the...
16The lender may allow the borrower to make a repayment...
PART II
17If the lender has accepted an application for deferment before...
18If the lender determines an application for deferment before 1st...
1998 No. 211
EDUCATION, ENGLAND AND WALES
EDUCATION, SCOTLAND

The Education (Student Loans) Regulations 1998

Made
Laid before Parliament
Coming into force
In exercise of the power conferred by section 1(2) and (7) of and paragraphs 1 and 2 of Schedule 2 to the Education (Student Loans) Act 19901, the Secretary of State for Education and Employment, as respects England and Wales, and the Secretary of State for Scotland, as respects Scotland, hereby make the following Regulations: