Stock charge by loan product
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2019-20
- Release type
- Geographic levels
- National
- Indicators
- Stock charge (percentage)
- Filters
- Loan type
- Plan type of loan
- Time period
- 2018-19 to 2019-20
Data set preview
| plan_type | loan_type | time_period | percentage | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | 201819 | 30 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education full time loans | 201819 | 45 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education part time loans | 201819 | 38 | Financial year | National | E92000001 | England |
| Plan 2 | Advanced Learner Loans | 201819 | 55 | Financial year | National | E92000001 | England |
| Plan 3 | Master's Loans | 201819 | 0 | Financial year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| loan_type | Loan type - Filter by loan type |
| percentage | Stock charge (percentage) |
| plan_type | Plan type of loan - Filter by plan type |
Footnotes
- Figures have been rounded to the nearest 1%.
- 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 Sale 2: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137
- Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
- Stock charges cannot be negative as they measure the level of government subsidy to the student loan system. If 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, the stock charge is required to use a discount rate. This discount rate is equal to the rate intrinsic to the loan product, which is the rate that sets the stock charge to 0%. See the methodology document accompanying this publication for further information. Without this rule, the master's stock charge forecast by the student loan repayment model when using the HMT discount rate is -3% for financial year 2019-20.
- The stock charge is the proportion of the outstanding loan balance at the start of the financial year that we expect not to be repaid when future repayments are valued in present terms.
- Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
- Master's loans were introduced in August 2016.
- 2018-19 stock charges have been provided from the previous release in June 2019. 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, stock charge and percentage of borrowers expected to fully repay their student loans. This should be considered when comparing the 2018-19 figures to the remaining forecasts.
- 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.
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