PART 2Amendment of the Education (Student Loans) (Repayment) Regulations 2009

Amendment of Part 5 (repayment by overseas borrowers)

Insertion of regulation 75A (how to calculate applicable threshold)I160

After regulation 75 (repayment by income-related instalments) insert—

How to calculate applicable threshold75A

The applicable threshold is, in relation to a borrower’s loan, the amount—

a

rounded up to the nearest £5 (if necessary), and

b

being the product of—

i

the repayment threshold for the loan, and

ii

the country-specific multiplier for the borrower’s country of residence.