Amendments to the Education (Student Loans) (Repayment) Regulations 20092
1
The Education (Student Loans) (Repayment) Regulations 20094 are amended as follows.
2
In the table in regulation 20B(3), after the row for the period “1st March 2023 to 31st May 2023”, insert—
1st June 2023 to 31st August 2023
7.1%
3
In regulation 33(3)(b) and (d)(ii), omit “or postgraduate degree loan”.
4
In regulation 74A—
a
in paragraph (1), after “formula” insert “in paragraph (2) or (2A) (as the case may be)”
;
b
in paragraph (2), after “formula” insert “applicable to a plan 2 or 5 loan”
;
c
after paragraph (2), insert—
2A
The formula applicable to a plan 3 loan is—
d
in paragraph (3), for “formula” substitute “formulae in paragraphs (2) and (2A)”
;
e
after paragraph (3), after “Example” insert “(using the formula applicable to plan 2 or 5 loans)”
.