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The Education (Student Loans) Regulations 1993

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Time and manner of repayments

9.  Notwithstanding the provisions of regulation 8, the loans administrator may, in the case of a borrower who is in breach of an obligation to repay any loan instalment, do either or both of the following, namely:

(a)grant any relaxation or indulgence to the borrower which does not vary the agreement for the loan;

(b)require the borrower to make an immediate repayment of the outstanding amount of the loan:

Provided that the loans administrator shall not grant any relaxation or indulgence in accordance with paragraph (a) unless it is satisfied that such action represents a more effective means of recovering the debt due under the agreement than instituting legal proceedings against the borrower.

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