PART 2

CHAPTER 5

Calculation of fixed instalment and applicable threshold93

1

The fixed instalment in regulation 91 and the applicable threshold in regulation 92 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 for Postgraduate master’s degree loans

A

0<30

£40.20

B

30<50

£80.40

C

50<70

£120.60

D

70<90

£160.80

E

90<110

£201.00

F

110<130

£241.20

G

130+

£281.40

Band

Price level index

Applicable threshold for postgraduate master’s degree loans

A

0<30

£4,200

B

30<50

£8,400

C

50<70

£12,600

D

70<90

£16,800

E

90<110

£21,000

F

110<130

£25,200

G

130+

£29,400

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 the World Bank’s Development Indicators.

4

Subject to paragraph (5), where a price level index cannot be calculated under paragraph (3), the applicable threshold and fixed instalment are those for band A.

5

The Authority 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.