Table 3: Forecast loan outlay, repayments, capitalised interest accrued by borrowers & cancelled loans by product
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Forecast student loan outlay, repayments, capitalised interest accrued by loan borrowers and cancelled loans, by loan product
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2025-26
- Release type
- Number of rows
- 102
- Geographic levels
- National
- Indicators
- Loan outlay
- Capitalised interest
- Repayments
- Filters
- Loan type
- Plan type of loan
- Time period
- 2025-26 to 2030-31
Data set preview
| plan_type | loan_type | outlay_£m | repayments_£m | capitalised_interest_£m | cancelled_loans_£m | time_period | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | low | 1635 | 1160 | 30 | 202526 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 1520 | 1160 | 85 | 202627 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 1355 | 1045 | 70 | 202728 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 1220 | 845 | 80 | 202829 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 1290 | 825 | 105 | 202930 | Financial year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| cancelled_loans_£m | Cancelled loans |
| capitalised_interest_£m | Capitalised interest |
| loan_type | Loan type - Filter by loan type |
| outlay_£m | Loan outlay |
| plan_type | Plan type of loan - Filter by plan type |
Footnotes
- Coverage: All borrowers who receive loans through Student Finance England. For further details on eligibility, please see the Student Finance England practitioner website: Link to practitioner products section on the SLC website (opens in new tab).
- 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.
- Financial year 2025-26 outlay figures are actuals as published by the Student Loans Company (link to government statistics web page covering student loans in England in financial year 2025-26 (opens in new tab)) with the exception of Advanced Learner Loans Plan 2 and Plan 5 outlay.
- A summary timeline of the introduction of different plan types is available in Table 1.1 in the publication Methodology: Link to student loan forecasts for England methodology
- Repayment forecasts assume that a borrower’s PAYE obligatory repayments are made in the same year as their associated earnings. In reality, some repayments made through PAYE will be received the following year, particularly repayments based on earnings in the final month of the year. This is to some extent corrected in the model through repayment frictions, but represents a source of uncertainty.
- Plan 1 loans include unsold, retained and loans sold at both sale 1 and sale 2. For more information on the loan sales, go to: Sale 1: Link to House of Commons written statement for sale 1 (opens in new tab) Sale 2: Link to House of Commons written statement for sale 2 (opens in new tab).
- No overpayments or refunds are modelled for borrowers that fully repay their loans; it is assumed that all borrowers finish making repayments once their loan balance reaches £0. In reality, some borrowers overpay their loans, particularly if making repayments via HMRC, and are entitled to receive refunds.
- Outlay, repayments, capitalised interest and cancelled loans figures have been rounded to the nearest £5 million.
- When you see the symbol 'z' this means not applicable. For example, there are no new ALL Plan 2 borrowers modelled after 2025/26.
- When you see ‘low’ this refers to figures which are rounded to 0, but are not 0.
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If you have a specific enquiry about Table 3: Forecast loan outlay, repayments, capitalised interest accrued by borrowers & cancelled loans by product statistics and data:
Higher Education Analysis
Email: he.modelling@education.gov.ukContact name: Tony Carter and Sally Mercer