Data set from Student loan forecasts for England

Table 13: Average total loan outlay per higher education undergraduate student by course start year and years of funding

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Average total loan outlay per higher education undergraduate student by course start year and years of funding.

Data set details

Theme
Finance and funding
Publication
Student loan forecasts for England
Release
Financial year 2024-25
Release type
Number of rows
84
Geographic levels
National
Indicators
  • Mean average total loan amount per borrower per start year
  • Median average total loan amount per borrower per start year
Filters
  • Loan type
  • Number of years of funding
Time period
2023/24 to 2029/30

Data set preview

Table showing first 5 rows, from underlying data
plan_typeloan_typetime_periodyears_of_fundingmean_total_outlay_per_borrower_per_start_yearmedian_total_outlay_per_borrower_per_start_yeartime_identifiergeographic_levelcountry_codecountry_name
TotalHigher education full time20232411576015740Academic yearNationalE92000001England
TotalHigher education full time20232423152031880Academic yearNationalE92000001England
TotalHigher education full time20232434709045120Academic yearNationalE92000001England
TotalHigher education full time20232446274061300Academic yearNationalE92000001England
TotalHigher education full time2023245+7961077850Academic yearNationalE92000001England

Variables in this data set

Table showing all 4 variables
Variable nameVariable description
loan_typeLoan type - Filter by loan type
mean_total_outlay_per_borrower_per_start_yearMean average total loan amount per borrower per start year
median_total_outlay_per_borrower_per_start_yearMedian average total loan amount per borrower per start year
years_of_fundingNumber of years of funding - Filter by number of years of funding

Footnotes

  1. Coverage: Borrowers who receive undergraduate loans through Student Finance England. For further details on eligibility, please see the Student Finance England practitioner website: https://www.practitioners.slc.co.uk/products (opens in a new tab).
  2. The outlay model only forecasts students as receiving loans up to six years after entering higher education; therefore, no Plan 1 outlay is forecast. However, there are some exceptional cases where students may still be paid a Plan 1 loan across our forecast horizon, for example, if they had suspended their studies.
  3. A summary timeline of the introduction of different plan types is available in Table 1.1 in the publication Methodology: https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology
  4. These figures are restricted to higher education undergraduate loans and do not include Advanced Learner.
  5. Years counted for years of funding do not need to be consecutive for the same period of study. Where a borrower funds different periods of study with student loans, each period of study is counted separately.
  6. Averages are calculated over all student cohorts between academic years 2023/24 and 2029/30, covering students’ entire periods of funding.
  7. Zero loan amounts are excluded from the calculations of average loan outlay.
  8. Average outlay figures have been rounded to the nearest £10.
  9. Students accrue interest on their loans whilst in study, with the interest rate during study dependent on plan type. The final loan balance when students enter repayment will therefore be higher than the total loan amount borrowed.
  10. The model assumes that starting from the 2023/24 academic year, all loan-borrowing undergraduate entrants receive Plan 5 loans. Consequently, the figures for Plan 5 are identical to the ‘Total’ for all plans in this table.

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