Data set from Student loan forecasts for England

Table 6a: Forecast 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

Data set details

Theme
Finance and funding
Publication
Student loan forecasts for England
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
  • Plan type of loan
  • Loan type
Time period
2023-24 to 2028-29

Data set preview

Table showing first 5 rows, from underlying data
time_periodplan_typeloan_typeborrowers_repaymentborrowers_repayment_above_thresholdtime_identifiergeographic_levelcountry_codecountry_name
202324Plan 1Plan 1 loans24700001395000Financial yearNationalE92000001England
202425Plan 1Plan 1 loans23700001215000Financial yearNationalE92000001England
202526Plan 1Plan 1 loans22850001095000Financial yearNationalE92000001England
202627Plan 1Plan 1 loans22000001030000Financial yearNationalE92000001England
202728Plan 1Plan 1 loans2120000955000Financial yearNationalE92000001England

Variables in this data set

Table showing all 4 variables
Variable nameVariable description
borrowers_repaymentNumber of borrowers liable to make repayments
borrowers_repayment_above_thresholdNumber of borrowers liable to make repayments and earning above repayment threshold
loan_typeLoan type - Filter by loan type
plan_typePlan type of loan - Filter by plan type

Footnotes

  1. Coverage: All borrowers who receive 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.
  2. A summary timeline of introduction of different plan types is available in Table 1.1 in the Methodology: <a href="https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology">https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology</a>
  3. 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: <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-12-06/HCWS317">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-12-06/HCWS317</a> Sale 2: <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137</a>. 
  4. Totals provided for higher education undergraduate counts a loan borrower once even if they have more than one undergraduate loan product. For individuals plan type totals, they are counted once for each plan type they hold. Totals for Plan 3 and Advanced Learner Loans double count borrowers and so they have been omitted.
  5. 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.
  6. 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.
  7. Only earnings that would be recorded by HMRC are included. This excludes any earnings overseas or earnings that are not declared to HMRC.
  8. 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.
  9. The first Plan 2 borrowers became liable to make repayments in 2016-17. The earliest master's loan borrowers became liable to make repayments in 2019-20 and doctoral loan borrowers in 2020-21. For modelling purposes, it is assumed the first Plan 5 borrowers will become liable to repay the first April after finishing or withdrawing from their course.
  10. Borrower numbers have been rounded to the nearest 5,000 borrowers.
  11. Where you see the symbol 'z' this refers to not applicable.

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