Data set from Student loan forecasts for England

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

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Forecast of repayment thresholds, by plan type

Data set details

Theme
Finance and funding
Publication
Student loan forecasts for England
Release type
Geographic levels
National
Indicators
  • Repayment threshold
Filters
  • Student loan plan type
Time period
2023-24 to 2028-29

Data set preview

Table showing first 5 rows, from underlying data
plan_typetime_periodrepayment_thresholdtime_identifiergeographic_levelcountry_codecountry_name
120232422015Financial yearNationalE92000001England
120242524990Financial yearNationalE92000001England
120252626190Financial yearNationalE92000001England
120262726635Financial yearNationalE92000001England
120272827245Financial yearNationalE92000001England

Variables in this data set

Table showing all 2 variables
Variable nameVariable description
plan_typeStudent loan plan type - Filter by student loan plan type
threshold_domesticRepayment threshold

Footnotes

  1. Coverage: All borrowers who receive 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.
  2. A summary timeline of introduction of different plan types is available in Table 1.1 in the Methodology: https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology
  3. Repayment thresholds are presented as multiples of £5 in line with the policy for calculating them.
  4. 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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