Table 4a: Forecast stock charge, by loan product
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Forecast stock charge, by loan product
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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
- Stock charge
- Filters
- Plan type of loan
- Loan type
- Time period
- 2023-24
Data set preview
| plan_type | loan_type | time_period | stock_charge | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | 202324 | 51 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202324 | 35 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education part time | 202324 | 26 | Financial year | National | E92000001 | England |
| Plan 2 | Advanced Learner loans | 202324 | Z | Financial year | National | E92000001 | England |
| Plan 3 | Master's loans | 202324 | 0 | Financial year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| loan_type | Loan type - Filter by loan type |
| plan_type | Plan type of loan - Filter by plan type |
| stock_charge | Stock charge |
Footnotes
- 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.
- 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>
- 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>.
- The stock charge is the proportion of the outstanding loan balance at the start of the year that we expect not to be repaid when future repayments are valued in present terms.
- Forecasts for full-time, part-time undergraduate and Advanced Learner Loans Plan 5 borrowers starting in academic year 2023-24, will be for borrowers in their first year of study only. Forecasts for other plan types or in other years will contain a mix of borrowers’ years of study.
- Stock charges cannot be negative as they measure the level of government subsidy to the student loan system. If the future repayments are forecast to have a higher net present value than the initial loan outlay or the face value of the outstanding loans using the HM Treasury (HMT) discount rate then the stock charge is required to use a discount rate equal to the rate intrinsic to the loan product, which is the rate that sets the stock charge to 0%. Please see the Methodology document accompanying this publication for further information. Without this rule, the figure produced by the student loan repayment model using the HMT discount rate is 18.7% for the Master's stock charge in 2023-24.
- Stock charge have been rounded to the nearest 1%.
- Where you see the symbol 'z' this refers to not applicable.
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