Data set from Student loan forecasts for England

Table 6b: Forecast of repayment thresholds, by plan type

Not the latest data

Published 29 June 2023

Last updated 29 June 2023

Forecast of repayment thresholds for Plan 1, Plan 2, Plan 3 and Plan 5 student loans

Data set details

Table showing first 5 rows, from underlying data
plan_type	time_period	threshold_domestic	time_identifier	geographic_level	country_code	country_name
Plan 1	202223	20195	Financial year	National	E92000001	England
Plan 1	202324	22015	Financial year	National	E92000001	England
Plan 1	202425	24985	Financial year	National	E92000001	England
Plan 1	202526	25660	Financial year	National	E92000001	England
Plan 1	202627	25945	Financial year	National	E92000001	England

Table showing all 2 variables
Variable name	Variable description
plan_type	Student loan plan type - Filter by student loan plan type
threshold_domestic	Repayment threshold

Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Repayment thresholds are presented as multiples of £5 in line with the policy for calculating them.
Where you see the symbol 'z' this refers to not applicable.
Plan 1 threshold increases each April based on RPI. The Plan 2 threshold remains at £27,295 until April 2025, increasing with RPI at that point and thereafter. The Plan 5 threshold is set at £25,000 until April 2027, increasing with RPI at that point and thereafter. The Plan 3 threshold has been set up to 2023-24 and will be reviewed for 2024-25. To enable future repayments to be forecast, it is assumed that the repayment threshold will increase in line with average earnings growth.

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