Table 9: Undergraduate borrowers, 2024/25 cohort: average repayment by income decile, study type and sex breakdowns
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Undergraduate borrowers, 2024/25 cohort: average repayment by income decile, study type and sex breakdowns.
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2024-25
- Release type
- Number of rows
- 19
- Geographic levels
- National
- Indicators
- Average lifetime repayments (in FY2024-25 prices)
- Average loan balance at SRDD (in FY2024-25 prices)
- Average loan balance at SRDD (nominal)
- Filters
- Lifetime earnings decile
- Sex
- Sudy type
- Time period
- 2024/25
Data set preview
| plan_type | course_start_year | study_type | sex | lifetime_earning_decile | average_loan_balance_at_srdd_nominal | average_loan_balance_at_srdd_real_terms | average_lifetime_repayments_real_terms | proportion_of_outlay_repaid_real_terms | median_length_of_repayment | time_period | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Plan 5 | 2024 | Total | Total | 1 | 44300 | 37700 | 3900 | 10 | 40 | 202425 | Academic year | National | E92000001 | England |
| Plan 5 | 2024 | Total | Total | 2 | 45200 | 38500 | 8900 | 23 | 40 | 202425 | Academic year | National | E92000001 | England |
| Plan 5 | 2024 | Total | Total | 3 | 43500 | 37000 | 14300 | 39 | 40 | 202425 | Academic year | National | E92000001 | England |
| Plan 5 | 2024 | Total | Total | 4 | 44600 | 37900 | 21600 | 57 | 40 | 202425 | Academic year | National | E92000001 | England |
| Plan 5 | 2024 | Total | Total | 5 | 44800 | 38100 | 28000 | 73 | 39.5 | 202425 | Academic year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| average_lifetime_repayments_real_terms | Average lifetime repayments (in FY2024-25 prices) |
| average_loan_balance_at_srdd_nominal | Average loan balance at SRDD (nominal) |
| average_loan_balance_at_srdd_real_terms | Average loan balance at SRDD (in FY2024-25 prices) |
| lifetime_earning_decile | Lifetime earnings decile - Filter by lifetime earnings decile |
| median_length_of_repayment | Median years liable to repay |
Footnotes
- Coverage: Borrowers who receive undergraduate 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 (opens in a new tab).
- A summary timeline of the introduction of different plan types is available in Table 1.1 in the publication Methodology: https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology
- Mean averages are taken per loan (rather than per borrower). One borrower can take multiple loans across multiple periods of study, for example, by taking a PGCE after an undergraduate degree.
- Data covers all full-time and part-time undergraduate borrowers starting in academic year 2024/25 under Plan 5 only. A small number of undergraduate borrowers starting in academic year 2024/25 will have deferred entry and may be under Plan 2.
- Median years liable to repay includes borrowers in active repayment of loan debt including and interest charged on the balance of the loan.
- Deciles refer to the projected lifetime earnings for student loan borrowers only. They do not align with earnings deciles for the population in general.
- For higher earnings deciles the Plan 5 figures for 'proportion of outlay repaid in real terms' slightly exceed 100% even though interest is set in line with RPI. This is because the interest is set to RPI on a 1 year lag whereas discounting is based on unlagged RPI.
- Loan borrowers normally become liable to begin repaying a loan at the start of the tax year (6 April) after graduating or otherwise leaving their course, this point is known as their Statutory Repayment Due Date (SRDD). After their SRDD, borrowers are required to make repayments if their income is above the repayment threshold. Borrowers studying part-time, reach SRDD on the earlier of, the start of the tax year following them ceasing to be eligible for student support, or the start of the tax year following the 4th anniversary of the start of their course.
- Years liable to repay measures the time between SRDD and either loan write-off or the loan being fully repaid.
- Lifetime earnings are considered as all earnings between SRDD and 50 years after SRDD, normalised using average earnings growth indices.
- Values in 2024-25 prices have been calculated using OBR forecasts for RPI. Economic and fiscal outlook – March 2025 - Office for Budget Responsibility (opens in a new tab)
- Monetary average figures have been rounded to the nearest £100.
- Proportions have been rounded to the nearest 1%.
- Proportions may not appear to sum due to rounding.
- Data on borrower sex, comes directly from the main SLC data collection. SLC pose the collection category as ‘sex’ with the options ‘female’ or ‘male’.
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