Sensitivity of Resource Accounting and Budgeting (RAB) charges to key policy inputs
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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
- Percentage (current RAB charge)
- Percentage point difference in RAB or charge as a result of variation
- Filters
- Loan type
- Magnitude of change
- Parameter changed
- Time period
- 2019/20
Data set preview
| loan_type | percentage | plan_type | parameter | ppt_diff | variation | time_period | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|---|---|
| Higher eduction full-time loans | 53 | Plan 2 | Interest rate | 3 | -1pp | 2019-20 | Academic year | National | E92000001 | England |
| Higher education part-time loans | 45 | Plan 2 | Interest rate | 4 | -1pp | 2019-20 | Academic year | National | E92000001 | England |
| Advanced Learner Loans | 69 | Plan 2 | Interest rate | 2 | -1pp | 2019-20 | Academic year | National | E92000001 | England |
| Higher eduction full-time loans | 53 | Plan 2 | Interest rate | -3 | +1pp | 2019-20 | Academic year | National | E92000001 | England |
| Higher education part-time loans | 45 | Plan 2 | Interest rate | -4 | +1pp | 2019-20 | Academic year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| loan_type | Loan type - Filter by loan type |
| parameter | Parameter changed - Filter by policy input parameter to vary |
| percentage | Percentage (current RAB charge) |
| plan_type | Plan type of loan - Filter by plan type |
| ppt_diff | Percentage point difference in RAB or charge as a result of variation |
Footnotes
- 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.
- 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.
- Interest rate changes are assumed to begin in financial year 2019-20.
- Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
- Repayment threshold and repayment rate changes are assumed to begin in 2020-21, since no borrowers affecting the 2019-20 RAB charge will be in repayment until at least April 2020.
- This table demonstrates how sensitive the RAB charges are to various policy 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.
- 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.
- In the repayment threshold scenarios the threshold is assumed to be £1,000 lower/higher in 2020-21 (i.e. £25,575 or £27,575 for Plan 2), before growing in line with average earnings growth in subsequent years in line with the current policy.
- Figures have been rounded to the nearest 1pp.
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