Open at the publisher →
In force since 2026-09-01, as the publisher states.
Copy read on 2026-11-10. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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4 provisions
Title and introductory text
2026 No. 743
EDUCATION, ENGLAND AND WALES
The Education (Student Loans) (Repayment) (Amendment) Regulations 2026
Made
2nd July 2026
Laid before Parliament
6th July 2026
Laid before Senedd Cymru
6th July 2026
Coming into force
1st September 2026
The Secretary of State makes these Regulations in relation to England in exercise of the powers conferred by sections 22(2)(g), (3)(a) and 42(6) of the Teaching and Higher Education Act 1998.
The Welsh Ministers make these Regulations in relation to Wales in exercise of the powers conferred by sections 22(2)(g), (3)(a) and 42(6) of the Teaching and Higher Education Act 1998.
Propose a change1 Citation, commencement and extent
These Regulations—
(a) may be cited as the Education (Student Loans) (Repayment) (Amendment) Regulations 2026,
(b) come into force on 1st September 2026, and
(c) extend to England and Wales.
Propose a change2 Expiry
These Regulations expire at the end of 31st August 2027.
Propose a change3 Amendment of the Education (Student Loans) (Repayment) Regulations 2009
(1) The Education (Student Loans) (Repayment) Regulations 2009 are amended in accordance with paragraphs (2) and (3).
(2) In regulation 21A (interest rate on plan 2 loans)—
(a) in paragraph (2), after “(4)” insert “, (4A)”;
(b) in paragraph (2A), for “(2B) and (2C)” substitute “(2B), (2C) and (4A)”;
(c) in paragraph (2D), for “(2E) and (2F)” substitute “(2E), (2F) and (4A)”;
(d) in paragraph (4), for “During” substitute “Subject to paragraph (4A), during”;
(e) after paragraph (4), insert—
(4A) Where, at any time during the period commencing with 1st September 2026 and ending at the end of 31st August 2027, the annual percentage rate of charge determined under paragraph (2)(a), (b)(ii) or (iii), (c)(ii) or (iii) or (d), (2A)(a)(ii) or (iii), (b)(ii) or (iii) or (c), (2D)(b) or (c), or (4) exceeds 6%, the annual percentage rate of charge is deemed to be 6%.
.
(3) In regulation 21B (interest rate on plan 3 loans)—
(a) in paragraph (1), for “The”, in the first place it occurs, substitute “Subject to paragraph (1A), the”;
(b) after paragraph (1), insert—
(1A) Where, at any time during the period commencing with 1st September 2026 and ending at the end of 31st August 2027, the interest rate determined under paragraph (1) exceeds 6%, the interest rate is deemed to be 6%.
.
Propose a change