Table 6a: Number of student loan borrowers liable to repay and number earning above repayment threshold, by loan product
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Forecast number of student loan borrowers liable to repay and number earning above repayment threshold, by loan product
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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
- Number of borrowers liable to make repayments
- Number of borrowers liable to make repayments and earning above repayment threshold
- Filters
- Loan type
- Plan type of loan
- Time period
- 2020-21 to 2025-26
Data set preview
| plan_type | loan_type | time_period | borrowers_repayment | borrowers_repayment_above_threshold | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | 202021 | 2472000 | 1431000 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | 202122 | 2410000 | 1399000 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | 202223 | 2320000 | 1343000 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | 202324 | 2230000 | 1278000 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | 202425 | 2134000 | 1228000 | Financial year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| borrowers_repayment | Number of borrowers liable to make repayments |
| borrowers_repayment_above_threshold | Number of borrowers liable to make repayments and earning above repayment threshold |
| loan_type | Loan type - Filter by loan type |
| plan_type | Plan type of loan - Filter by plan type |
Footnotes
- The first Plan 2 borrowers became liable to make repayments in 2016-17. The earliest master's loan borrowers will become liable to make repayments in 2019-20 and doctoral loan borrowers in 2020-21.
- Borrowers with more than one loan product will be recorded against each one separately if they are liable to make repayments against more than one.
- Only earnings that would be recorded by HMRC are included. This excludes any earnings overseas or earnings that are not declared to HMRC.
- Earnings are forecast as equivalent annual earnings. As such figures include borrowers who would be earning above the repayment threshold for only part of the year and make a repayment as a result.
- Borrowers on part-time courses longer than 4 years may become liable to make repayments before the end of their course. However they are assumed to earn below the repayment threshold until the April after their course end date, even if they become liable to make repayments before this point.
- 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: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-12-06/HCWS317 Sale 2: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137"
- Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England
- Earnings on entry into the labour market are expected to be lower than those mid-career, this will impact the number of borrowers earning above the repayment threshold for plans where the earliest borrowers have only recently become liable to make repayments.
- Figures have been rounded to the nearest 5,000 borrowers.
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