Table 7b: Sensitivity of Resource Accounting and Budgeting (RAB) charges to key policy inputs
Latest data
Published
Last updated
Sensitivity of Resource Accounting and Budgeting (RAB) charges to key policy inputs.
On this page
Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2024-25
- Release type
- Number of rows
- 10
- Geographic levels
- National
- Indicators
- Current forecast
- Repayment threshold £1,000 higher in FY2024-25
- Repayment threshold £1,000 lower in FY2024-25
- Filters
- Plan type of loan
- Loan type
- Stock or RAB charge
- Time period
- 2024-25
Data set preview
| plan_type | loan_type | time_period | stock_rab | baseline_charge | repayment_threshold_+£1000 | repayment_threshold_-£1000 | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | 202425 | Stock | 56 | 1 | -1 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202425 | RAB | 32 | 2 | -2 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202425 | Stock | 39 | 2 | -2 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education part time | 202425 | RAB | 31 | 2 | -1 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education part time | 202425 | Stock | 34 | 1 | -1 | Financial year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| baseline_charge | Current forecast |
| loan_type | Loan type - Filter by loan type |
| plan_type | Plan type of loan - Filter by plan type |
| repayment_threshold_-£1000 | Repayment threshold £1,000 lower in FY2024-25 |
| repayment_threshold_+£1000 | Repayment threshold £1,000 higher in FY2024-25 |
Footnotes
- 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 (opens in a new tab).
- A summary timeline of the introduction of different plan types is available in Table 1.1 in the publication Methodology: https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology
- 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: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-12-06/HCWS317 (opens in a new tab)Sale 2: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137 (opens in a new tab).
- This table demonstrates how sensitive the RAB and stock charges are to various economic parameters. The size of the impacts presented here only applies to the figures shown and the results are not linear; that is if the size of the variation was doubled then the impact would not necessarily be double that shown.
- Differences in the impacts between different loan products in the same scenario may be due to differences in the loan policy or differences in the characteristics of the borrowers with each type of loan.
- All changes are assumed to begin in financial year 2024-25.
- In the repayment threshold scenarios, the threshold is assumed to be £1,000 lower/higher in 2024-25 (i.e., £26,295.00 or £28,295.00 for Plan 2), before growing in line with RPI for Plans 2 and 5, and average earnings growth for Plan 3, in subsequent years in line with the current policy.
- RAB and stock charge have been rounded to the nearest 1%.
Using this data
Download the underlying data as a compressed ZIP file
View or create your own tables
View tables that we have built for you, or create your own tables from open data using our table tool
Download this data using code
Access this data using common programming languages using the URL below.