Data set from Student loan forecasts for England

Table 7b: Sensitivity of Resource Accounting and Budgeting (RAB) charges to key policy inputs​

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Sensitivity of Resource Accounting and Budgeting (RAB) charges and stock charges to key policy inputs

Data set details

Theme
Finance and funding
Publication
Student loan forecasts for England
Release type
Geographic levels
National
Indicators
  • Current forecast
  • Discount rate 0.2pp higher and average earnings growth 1pp higher each year upto 2030
  • Discount rate 0.2pp higher and average earnings growth 1pp lower each year upto 2030
Filters
  • Stock or RAB charge
  • Loan type
  • Plan type of loan
Time period
2023-24

Data set preview

Table showing first 5 rows, from underlying data
plan_typeloan_typestock_rabbaseline_chargerepayment_threshold_+£1000repayment_threshold_-£1000time_periodtime_identifiergeographic_levelcountry_codecountry_name
Plan 1Plan 1 loansStock512-2202324Financial yearNationalE92000001England
Plan 2Higher education full timeStock352-2202324Financial yearNationalE92000001England
Plan 2Higher education full timeRAB302-2202324Financial yearNationalE92000001England
Plan 2Higher education part timeStock262-2202324Financial yearNationalE92000001England
Plan 2Higher education part timeRAB242-2202324Financial yearNationalE92000001England

Variables in this data set

Table showing first 5 of 12 variables
Variable nameVariable description
baseline_chargeCurrent forecast
dr_-0.2pp_average_earnings_-1pp_to_2030Discount rate 0.2pp lower and average earnings growth 1pp lower each year upto 2030
dr_-0.2pp_average_earnings_+1pp_to_2030Discount rate 0.2pp lower and average earnings growth 1pp higher each year upto 2030
dr_+0.2pp_average_earnings_-1pp_to_2030Discount rate 0.2pp higher and average earnings growth 1pp lower each year upto 2030
dr_+0.2pp_average_earnings_+1pp_to_2030Discount rate 0.2pp higher and average earnings growth 1pp higher each year upto 2030

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: <a href="https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology">https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology</a>
  3. 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: <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-12-06/HCWS317">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-12-06/HCWS317</a> Sale 2: <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137</a>. 
  4. 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.
  5. 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.
  6. All changes are assumed to begin in financial year 2023-24.
  7. In the repayment threshold scenarios the threshold is assumed to be £1,000 lower/higher in 2023-24 (i.e. £26,295 or £28,295 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.
  8. RAB and stock charge have been rounded to the nearest 1%.

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