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.