Amendments to regulation 15 (timing of repayments: general)E+W
15.—(1) For the heading to regulation 15 substitute “Timing and notification of repayments”.
(2) Before regulation 15(1) insert—
“(A1) In this regulation—
(a)paragraphs (1) to (2D) relate to the timing of repayments for a plan 1, 2, 3 or 5 loan(1);
(b)paragraphs (3) to (10) relate to the notification of repayments for a student loan.”.
(3) In regulation 15(1), for “student loan or a postgraduate degree loan” substitute “plan 1, 2, 3 or 5 loan”.
(4) In regulation 15(2)—
(a)for “a student loan borrower” in each place it occurs substitute “the borrower”;
(b)for “the student loan” substitute “a plan 1, 2 or 5 loan”;
(c)for “Regulations made pursuant to section 22 of the 1998 Act in respect of a student loan” substitute “an enactment cited in regulation 3A, 3B or 3E”.
(5) In regulation 15(2ZA)—
(a)in the words before sub-paragraph (a), for “Subject to paragraph (2C) a postgraduate degree loan” substitute “The”;
(b)in sub-paragraph (a), for “loan under Part 1 of the 2016 Master’s Degree Regulations or Part 4 of the 2017 Master’s Degree Wales Regulations” substitute “postgraduate master’s degree loan”;
(c)in sub-paragraph (b)(i), for “loan under Part 1 of the 2018 Doctoral Degree Regulations or Part 4 of the 2018 Doctoral Degree Wales Regulations” substitute “postgraduate doctoral degree loan”.
(6) After regulation 15(2ZA) insert—
“(2ZB) In paragraph (2ZA)—
“postgraduate doctoral degree loan” means a plan 3 loan paid under an enactment cited in table 3 or 4 of regulation 3C;
“postgraduate master’s degree loan” means a plan 3 loan paid under an enactment cited in table 1 or 2 of regulation 3C.”
(7) In regulation 15(2A)—
(a)in the words before sub-paragraph (a), for “post-2012 student loan”—
(i)in the first place it occurs, substitute “plan 2 or 5 loan”;
(ii)in the second place it occurs, substitute “loan”;
(b)in sub-paragraph (a), for “Regulations made pursuant to section 22 of the 1998 Act” substitute “an enactment cited in regulation 3B or 3E,”.
(8) In regulation 15(2B), for “post-2012 student loan” substitute “plan 2 or 5 loan”.
(9) After regulation 15(2B) substitute—
“(2BA) Despite paragraphs (2), (2A) and (2B), a borrower is not required to repay any part of a plan 5 loan on or before 5th April 2026.
(2BB) Omit paragraph (2BA) and this paragraph on 6th April 2026.”.
(10) Omit regulation 15(2C).
(11) In regulation 15(2D)—
(a)in sub-paragraph (a), for “a course” substitute “an eligible course”;
(b)for sub-paragraph (b)(i) and (ii) substitute—
“(i)a full-time honours degree course the student begins, disregarding any intervening vacation, immediately after ceasing to attend a full-time original course for which the person achieved a qualification, or
(ii)a part-time honours degree course the student begins, disregarding any intervening vacation, immediately after ceasing to attend a part-time original course for which the person achieved a qualification.”.
(12) In regulation 15(3), for “(7), (8) and regulation 16” substitute “(7) and (8)”.
(13) Omit regulation 15(4)(d) and (5)(e).
(14) In regulation 15(7), omit “or postgraduate degree loan”.
The timing of repayments in relation to a plan 4 loan is determined in accordance with regulation 7 of the 2000 (Scotland) Regulations.