Data set from Student loan forecasts for England

Student loan outlay, repayments, capitalised interest accrued by loan borrowers and cancelled loans, by loan product

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Data set details

Finance and funding
Student loan forecasts for England
Release type
Geographic levels
  • £ Million
  • Loan type
  • Payment type
  • Plan type of loan
Time period
2019-20 to 2024-25

Data set preview

Table showing first 5 rows, from underlying data
OutlayPlan 1Plan 1 loans2019200Financial yearNationalE92000001England
OutlayPlan 2Plan 2 Total20192016860Financial yearNationalE92000001England
OutlayPlan 2Higher education full time loans20192016370Financial yearNationalE92000001England
OutlayPlan 2Higher education part time loans201920290Financial yearNationalE92000001England
OutlayPlan 2Advanced Learner Loans201920200Financial yearNationalE92000001England

Variables in this data set

Table showing all 4 variables
Variable nameVariable description
GBPmillion£ Million
loan_typeLoan type - Filter by loan type
payment_typePayment type - Filter by payment type
plan_typePlan type of loan - Filter by plan type


  1. 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: Sale 2:
  2. No overpayments or refunds are modelled for borrowers that fully repay their loans; it is assumed that all borrowers finish making repayments once their loan balance reaches £0. In reality some borrowers overpay their loans, particularly if making repayments via HMRC, and are entitled to receive refunds.
  3. 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.
  4. Doctoral loans were introduced in August 2018.
  5. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  6. Repayment forecasts assume that obligatory repayments are made in the same year in which the borrower had the income on which they are based. In reality HMRC receives repayments made via self assessment forms the following year, and some repayments made through PAYE will be received the following year, particularly repayments based on earnings in the final month of the year.
  7. Figures have been rounded to the nearest £5 million.
  8. Master's loans were introduced in August 2016.
  9. 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.

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