[CSLM19030] SL repayments: borrowers within SA: penalties, surcharge and interest
For all practical purposes the payment of Student and or Postgraduate Loan repayments through SA, and the consequences of failure to pay, should be treated as if it were income tax. Note, however, that
•The due date is the 31 January following the end of the year of assessment
•Student and or Postgraduate Loan liability is not taken into account in computing payments on account
In determining whether penalties, surcharge or interest are appropriate follow normal SA rules. The following summarises the statutory position, which can be found in The Education (Student Loans) (Repayment) Regulations 2009.