Table 6b: Repayment thresholds, by loan product
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Forecast of repayment thresholds for Plan 1, Plan 2 and Plan 3 student loans.
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2020-21
- Release type
- Geographic levels
- National
- Indicators
- Repayment threshold
- Filters
- Plan type of loan
- Time period
- 2020-21 to 2025-26
Data set preview
| 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 |
Variables in this data set
| Variable name | Variable description |
|---|---|
| plan_type | Plan type of loan - Filter by plan type |
| repayment_threshold_£ | Repayment threshold |
Footnotes
- 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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