Data set from Student loan forecasts for England

Table 6b: Forecast repayment threshold, by plan type

Not the latest data

Published 14 July 2022

Last updated 14 July 2022

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	202122	19895	Financial year	National	E92000001	England
Plan 1	202223	20195	Financial year	National	E92000001	England
Plan 1	202324	22010	Financial year	National	E92000001	England
Plan 1	202425	24275	Financial year	National	E92000001	England
Plan 1	202526	25150	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

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.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England
Repayment thresholds have already been set up to 2021-22 for Plan 3. 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 will be reviewed for 2023-24, so to enable future repayments to be forecast, for modelling purposes it is assumed that it will increase in line with average earnings growth.

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