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<p>The terms and conditions of repayment of student loans are set out by the Education
(Student Loans) (Repayment) Regulations 2009 (as amended). These regulations make
provision for repayment for borrowers resident both in the UK and overseas, including
the EU.</p><p> </p><p>The Department for Education continues to work closely with
the Student Loans Company (SLC) to ensure a robust overseas repayment strategy. The
SLC has arrangements in place to collect repayments from borrowers who move away from
the UK and establishes a repayment schedule based on the borrower’s income and provides
information on the methods of repayment available.</p><p> </p><p>If borrowers based
overseas fail to remain in contact with the SLC, the SLC will set up a fixed repayment
schedule and place those borrowers in arrears. Borrowers with post-2012 loans who
have not remained in contact with the SLC are charged the maximum interest rate of
RPI+3% until they get back in touch. Further action, including legal action, can then
be taken to secure recovery.</p>
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