The Education (Student Loans) (Repayment) (Amendment) (No. 3) Regulations 2023
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Change 1
4 Repayments by overseas borrowers: new fixed instalment rate for plan 1 loans
(1) The 2009 Regulations are amended as follows. (2) For regulation 74(3) (fixed instalment rate), substitute— (3) The fixed instalment rate for a plan 1, 2, 3 or 5 loan is calculated in accordance with regulation 74A. . (3) In regulation 74A (how to calculate fixed instalment rate)— (a) in paragraph (1) for “plan 2” substitute “plan 1, 2”; (b) in paragraph (2) for “plan 2” substitute “plan 1, 2”; (c) after paragraph (3), in the Example, for “applicable to plan 2” substitute “applicable to plan 1, 2”.
4 Repayments by overseas borrowers: new fixed instalment rate for plan 1 loans
(1) The 2009 Regulations are amended as follows. (2) For regulation 74(3) (fixed instalment rate), substitute— (3) The fixed instalment rate for a plan 1, 2, 3 or 5 loan is calculated in accordance with regulation 74A. . (3) In regulation 74A (how to calculate fixed instalment rate)— (a) in paragraph (1) for “plan 2” substitute “plan 1, 2”; (b) in paragraph (2) for “plan 2” substitute “plan 1, 2”; (c) after paragraph (3), in the Example, for “applicable to plan 2” substitute “applicable to plan 1, 2”.
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