Table 6b: Forecast of repayment thresholds, by plan type
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Forecast of repayment thresholds for Plan 1, Plan 2, Plan 3 and Plan 5 student loans
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2022-23
- Release type
- Geographic levels
- National
- Indicators
- Repayment threshold
- Filters
- Student loan plan type
- Time period
- 2022-23 to 2027-28
Data set preview
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 |
Variables in this data set
Variable name | Variable description |
---|---|
plan_type | Student loan plan type - Filter by student loan plan type |
threshold_domestic | Repayment threshold |
Footnotes
- 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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