These Regulations amend the Education (Student Loans) (Repayment) Regulations 2009 (S.I. 2009/470) (“the Principal Regulations”), which were made under section 22 of the Teaching and Higher Education Act 1998 (c. 30) and make provision for the repayment of income-contingent student loans in England and Wales.

Regulations 2 to 5 amend the Principal Regulations.

Regulation 3 makes provision, in respect of the tax year 2019/20 and subsequent tax years, for when an amount paid by a borrower via deductions by their employer under Part 4 of the Principal Regulations is considered to have been paid by the borrower and received by the Authority.

Regulation 4 provides, in respect of the tax year 2019/20 and subsequent tax years, for apportionments of the relevant repayment thresholds to be used in place of the repayment thresholds by the Authority when dividing repayments between loans under Regulation 18A of the Principal Regulations for those borrowers repaying via deductions by their employer under Part 4 of the Principal Regulations.

Regulation 5 makes provision, in respect of the tax year 2019/20 and subsequent tax years, for the calculation of interest in the final year of repayment of borrowers who repay via deductions by their employer under Part 4 of the Principal Regulations.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.

The Welsh Ministers’ Code of Practice on the carrying out of Regulatory Impact Assessments was also considered in relation to these Regulations. As a result it was not necessary to carry out a regulatory impact assessment as to the likely costs and benefits of complying with these Regulations.

The Explanatory Memorandum laid before Parliament is published alongside the instrument on www.legislation.gov.uk.