Data set from Student loan forecasts for England

Table 6b: Repayment thresholds, by loan product

Not the latest data

Published 24 June 2021

Last updated 24 June 2021

Forecast of repayment thresholds for Plan 1, Plan 2 and Plan 3 student loans.

Data set details

Table showing first 5 rows, from underlying data
plan_type	time_period	repayment_threshold_£	time_identifier	geographic_level	country_code	country_name
Plan 1	202021	19390	Financial year	National	E92000001	England
Plan 1	202122	19895	Financial year	National	E92000001	England
Plan 1	202223	20255	Financial year	National	E92000001	England
Plan 1	202324	20670	Financial year	National	E92000001	England
Plan 1	202425	21140	Financial year	National	E92000001	England

Table showing all 2 variables
Variable name	Variable description
plan_type	Plan type of loan - Filter by plan type
repayment_threshold_£	Repayment threshold

Repayment thresholds have already been set up to 2021-22 for Plan 3. Plan 1 threshold is assumed to increase based on RPI and the Plan 2 threshold based on average earnings growth, in line with the current policies. The Plan 3 threshold will be reviewed for 2022-23, so to enable future repayments to be forecast, for modelling purposes it is assumed that it will also increase in line with average earnings growth.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England
Repayment thresholds are presented as multiples of £5 in line with the policy for calculating them.

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