Data set from Student loan forecasts for England

Table 4b: Forecast Resource Accounting and Budgeting (RAB) charge, by loan product

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RAB charge in % between 2018-19 and 2026-27 by loan product.

Data set details

Finance and funding
Student loan forecasts for England
Release type
Geographic levels
  • RAB charge
  • Loan type
  • Plan type of loan
Time period
2018-19 to 2026-27

Data set preview

Table showing first 5 rows, from underlying data
Plan 1Plan 1 loans201819zFinancial yearNationalE92000001England
Plan 1Plan 1 loans201920zFinancial yearNationalE92000001England
Plan 1Plan 1 loans202021zFinancial yearNationalE92000001England
Plan 1Plan 1 loans202122zFinancial yearNationalE92000001England
Plan 1Plan 1 loans202223zFinancial yearNationalE92000001England

Variables in this data set

Table showing all 3 variables
Variable nameVariable description
loan_typeLoan type - Filter by loan type
plan_typePlan type of loan - Filter by plan type
rab_chargeRAB charge


  1. Doctoral loans are a loan product introduced in academic year 2018/19, on the same repayment plan as Master's loans which were introduced in 2016/17. The RAB charge is dependent on the proportion of Doctoral loan borrowers also taking out Master's loans. Doctoral RAB charges are not forecast for individual financial years, as the number of doctoral students with a prior Master's loan balance cannot be reliably estimated. However, a steady state Doctoral RAB charge is provided which takes into account the expectation that many borrowers will already have a Master's loan that they are repaying.
  2. The RAB charge is the proportion of loan outlay made during the year that we expect not to be repaid when future repayments are valued in present terms.
  3. Figures have been rounded to the nearest 1%.
  4. RAB charges cannot be negative as they measure the level of government subsidy to the student loan system. If the future repayments are forecast to have a higher net present value than the initial loan outlay or the face value of the outstanding loans using the HM Treasury (HMT) discount rate then the RAB charge is required to use a discount rate equal to the rate intrinsic to the loan product, which is the rate that sets the RAB charge to 0%. See the quality and methodology information document accompanying this publication for further information. Without this rule, the figure produced by the student loan repayment model using the HMT discount rate is -23% for the masters RAB charge in 2021-22.
  5. Where you see the symbol 'z' this refers to not applicable.
  6. Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from August 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
  7. Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.
  8. 2018-19,2019-20 and 2020-21 RAB charges have been provided from the previous release in June 2021. Since the last release, there have been revisions to the data, economic assumptions, policies and modelling methodology used within the student finance forecasting models. These changes will all contribute to varying degrees to any changes across time in our forecasts of figures such as the RAB charge. This should be considered when comparing the 2018-19, 2019-20 and 2020-21 figures to the remaining forecasts.
  9. Master's loans were introduced in August 2016.
  10. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England
  11. Doctoral loans were introduced in August 2018.
  12. The decision was made to no longer forecast a RAB charge for Plan 1 loans as there are too few borrowers still receiving these to produce a reliable forecast.

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