53. In this Part–
“gross income” means income from all sources before deductions for or relief from tax or other statutory charge;
“residence” in or outside the United Kingdom shall have the same meaning as it has in the Taxes Acts.
54.—(1) A borrower shall notify the Secretary of State of any period of residence outside the United Kingdom which exceeds three months.
(2) A borrower shall provide such information about any period of residence outside the United Kingdom which exceeds three months as the Secretary of State may require, including–
(a)the purpose of the residence outside the United Kingdom,
(b)whether the borrower is employed, or self-employed, during that residence,
(c)the likely duration of the residence outside the United Kingdom, and
(d)the amount of any repayments likely to be payable under Part III and deducted or likely to be deducted under Part IV in respect of any year or years of assessment during which the residence occurs.
55.—(1) Where the Secretary of State is satisfied that–
(a)a borrower is resident outside the United Kingdom,
(b)he is not likely to be resident in the United Kingdom for any year or years of assessment during which the period of residence falls
he may serve a notice on the borrower requiring the borrower to repay his loan in monthly instalments in accordance with regulation 56.
(2) In a notice served under paragraph (1) the Secretary of State may require a borrower who has failed to–
(a)give the notice required by regulation 54(1), or
(b)provide any information required by the Secretary of State under regulation 54(2),
to repay forthwith such part of his student loan as will reduce the amount outstanding to the amount which the Secretary of State considers would have been outstanding if the borrower had given the notice or provided the information required of him.
(3) When he serves a notice under paragraph (1) the Secretary of State may determine that a student loan shall bear interest at three times the rate or rates which would otherwise be applicable during any period–
(a)beginning when the borrower fails to give notice or provide information as described in paragraph (2),
(b)ending when the borrower has given the notice and provided the information required and made any repayment required under paragraph (2).
56.—(1) Subject to paragraph (2) a borrower shall not later than the day specified in a notice served under regulation 55 and on the same day of each subsequent month pay the Secretary of State an instalment of £246.
(2) Instead of paying the monthly instalment referred to in paragraph (1) a borrower shall be entitled to pay monthly instalments determined by the Secretary of State under paragraph (3) in respect of the twelve months referred to in the determination.
(3) On application by a borrower the Secretary of State may determine that the amount of each of the twelve monthly instalments beginning with such date as may be determined by the Secretary of State, being a date not more than three months earlier or two months later than the date of the determination, shall be one twelfth of the relevant amount.
(4) The relevant amount shall be 9% of the gross income which the Secretary of State considers that the borrower is likely to receive during the twelve month period in respect of which the instalments will be paid, disregarding–
(a)the first £10,000 of such income; and
(b)income in respect of which the Secretary of State is satisfied that repayments are likely to be made under Part III or IV.
(5) After the expiry of the twelve months referred to in a determination under paragraph (3) the borrower shall pay instalments in accordance with paragraph (1), subject to any further determination under paragraph (3).
(6) If a borrower does not pay an instalment or other amount when it is due the Secretary of State may require him to repay his student loan in full immediately.
(7) The Secretary of State may allow a borrower to pay an instalment late or to fail to pay all or part of an instalment, but such indulgence shall not affect any rights or duties in relation to any other instalment.
57.—(1) A borrower who–
(a)is required to make repayments in accordance with regulation 56, and
(b)who has not been required to repay his student loan in full immediately under regulation 56(6),
may apply to the Secretary of State for a determination that he shall no longer be required to make such payments.
(2) The Secretary of State may determine that a borrower who has applied under paragraph (1) shall not be required to make repayments under this Part from a date specified in his determination, being a date not more than three months earlier and two months later than the date of the determination, if he is satisfied that–
(a)the borrower is resident in the United Kingdom, and
(b)he is likely to be resident in the United Kingdom for the year of assessment during which the date specified in his determination will fall.
(3) A determination under paragraph (2) shall have effect until any further notice under regulation 55 is served on the borrower.