Table 13: Average total loan outlay per higher education undergraduate student by course start year and number of years of funding
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Average total loan outlay per higher education undergraduate student by course start year and number of years of funding
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2023-24
- Release type
- Geographic levels
- National
- Indicators
- Mean average total loan amount per borrower per start year
- Median average total loan amount per borrower per start year
- Filters
- Plan type
- Loan type
- Number of years of funding
- Time period
- 2022/23 to 2028/29
Data set preview
| plan_type | loan_type | time_period | years_of_funding | mean_total_outlay_per_borrower_per_start_year | median_total_outlay_per_borrower_per_start_year | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|---|
| Plan 2 | Higher education full time | 202223 | 1 | 15470 | 15720 | Academic year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202223 | 2 | 31080 | 31290 | Academic year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202223 | 3 | 46790 | 46320 | Academic year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202223 | 4 | 61570 | 60470 | Academic year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202223 | 5+ | 77850 | 76750 | Academic year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| loan_type | Loan type - Filter by loan type |
| mean_total_outlay_per_borrower_per_start_year | Mean average total loan amount per borrower per start year |
| median_total_outlay_per_borrower_per_start_year | Median average total loan amount per borrower per start year |
| plan_type | Plan type - Filter by plan type |
| years_of_funding | Number of years of funding - Filter by number of years of funding |
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.
- The outlay model only forecasts students as receiving loans up to six years after entering higher education; therefore no Plan 1 outlay is forecasted. However, there are some exceptional cases where students may still be paid a Plan 1 loan across our forecast horizon, for example, if they had suspended their studies.
- These figures are restricted to higher education undergraduate loans and do not include Advanced Learner Loans.
- Years counted for years of funding do not need to be consecutive. Where a borrower funds subsequent courses with student loans, each course is counted as a separate period of funding.
- Averages are calculated over all student cohorts between academic years 2022/23 and 2028/29, covering students’ entire periods of funding.
- Zero loan amounts are excluded from the calculations of average loan outlay.
- Average outlay figures have been rounded to the nearest £10.
- Students accrue interest on their loans whilst in study, with the interest rate during study dependant on plan type. The final loan balance when students enter repayment will therefore be higher than the total loan amount borrowed.
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