Table 7a: Sensitivity of Resource Accounting and Budgeting (RAB) charges and stock charges to key economic inputs
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Sensitivity of Resource Accounting and Budgeting (RAB) charges and stock charges to key economic inputs
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2025-26
- Release type
- Number of rows
- 14
- Geographic levels
- National
- Indicators
- Current forecast
- RPI 1pp higher each year
- RPI 1pp lower each year
- Filters
- Loan type
- Plan type of loan
- Stock or RAB charge
- Time period
- 2025-26
Data set preview
| plan_type | loan_type | time_period | stock_rab | baseline_charge | rpi_and_rpix_+1pp | rpi_and_rpix_-1pp | rpi_and_rpix_+2pp | rpi_and_rpix_-2pp | dr_+0.2pp_average_earnings_+1pp_to_2031 | dr_+0.2pp_average_earnings_-1pp_to_2031 | dr_-0.2pp_average_earnings_+1pp_to_2031 | dr_-0.2pp_average_earnings_-1pp_to_2031 | average_earnings_+1pp_to_2031 | average_earnings_-1pp_to_2031 | dr_+0.2pp_to_2031 | dr_-0.2pp_to_2031 | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Plan 2 | Advanced Learner loans | 202526 | RAB | 17 | 20 | -13 | 37 | -21 | -3 | 7 | -5 | 6 | -4 | 6 | 1 | -1 | Financial year | National | E92000001 | England |
| Plan 2 | Advanced Learner loans | 202526 | Stock | 49 | 6 | -8 | 12 | -17 | -4 | 4 | -5 | 3 | -5 | 3 | 0 | -1 | Financial year | National | E92000001 | England |
| Plan 3 | Doctoral loans | 202526 | RAB | 47 | 4 | -4 | 8 | -9 | -2 | 2 | -3 | 1 | -2 | 2 | 0 | -1 | Financial year | National | E92000001 | England |
| Plan 5 | Advanced Learner loans | 202526 | RAB | 39 | 10 | -8 | 18 | -14 | -2 | 3 | -3 | 2 | -3 | 2 | 0 | -1 | Financial year | National | E92000001 | England |
| Plan 5 | Advanced Learner loans | 202526 | Stock | 36 | 11 | -9 | 19 | -15 | -2 | 4 | -4 | 3 | -3 | 3 | 0 | -1 | Financial year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| average_earnings_-1pp_to_2031 | average earnings growth 1pp lower each year upto 2031 |
| average_earnings_+1pp_to_2031 | average earnings growth 1pp higher each year upto 2031 |
| baseline_charge | Current forecast |
| dr_-0.2pp_average_earnings_-1pp_to_2031 | Discount rate 0.2pp lower and average earnings growth 1pp lower each year upto 2031 |
| dr_-0.2pp_average_earnings_+1pp_to_2031 | Discount rate 0.2pp lower and average earnings growth 1pp higher each year upto 2031 |
Footnotes
- Coverage: All borrowers who receive loans through Student Finance England. For further details on eligibility, please see the Student Finance England practitioner website: Link to practitioner products section on the SLC website (opens in new tab).
- A summary timeline of the introduction of different plan types is available in Table 1.1 in the publication Methodology: Link to student loan forecasts for England methodology
- 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: Link to House of Commons written statement for sale 1 (opens in new tab) Sale 2: Link to House of Commons written statement for sale 2 (opens in new tab).
- Sensitivity changes to the HMT discount rate, and to earnings growth have applied from 2025-26, to 2030-31. Rates return to the baseline assumptions from 2031-32 onwards. 2030-31 is the extent of OBR’s medium-term forecast.
- RPI sensitivity changes are assumed to begin in financial year 2025-26 onwards.
- This table demonstrates how sensitive the RAB and stock charges are to various economic 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.
- Differences in the impacts between different loan products in the same scenario may be caused by differences in the loan policy or differences in the characteristics of the borrowers with each type of loan.
- RAB and stock charges have been rounded to the nearest 1%.
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If you have a specific enquiry about Table 7a: Sensitivity of Resource Accounting and Budgeting (RAB) charges and stock charges to key economic inputs statistics and data:
Higher Education Analysis
Email: he.modelling@education.gov.ukContact name: Tony Carter and Sally Mercer