The Education (Student Loans) (Repayment) (Amendment) Regulations 2026

• Citation: S.I. 2026/743
• Sections: 3

Section 1 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.

Section 2 Expiry

These Regulations expire at the end of 31st August 2027.

Section 3 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%.