Data set from Student loan forecasts for England

Table 4a: Forecast stock charge, by loan product

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Forecast stock charge, by loan product

Data set details

Theme
Finance and funding
Publication
Student loan forecasts for England
Release type
Geographic levels
National
Indicators
  • Stock charge
Filters
  • Plan type of loan
  • Loan type
Time period
2023-24

Data set preview

Table showing first 5 rows, from underlying data
plan_typeloan_typetime_periodstock_chargetime_identifiergeographic_levelcountry_codecountry_name
Plan 1Plan 1 loans20232451Financial yearNationalE92000001England
Plan 2Higher education full time20232435Financial yearNationalE92000001England
Plan 2Higher education part time20232426Financial yearNationalE92000001England
Plan 2Advanced Learner loans202324ZFinancial yearNationalE92000001England
Plan 3Master's loans2023240Financial yearNationalE92000001England

Variables in this data set

Table showing all 3 variables
Variable nameVariable description
loan_typeLoan type - Filter by loan type
plan_typePlan type of loan - Filter by plan type
stock_chargeStock charge

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: https://explore-education-statistics.service.gov.uk/methodology/student-loan-forecasts-for-england-methodology
  3. 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.
  4. 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.
  5. 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.
  6. Stock charge have been rounded to the nearest 1%.
  7. Where you see the symbol 'z' this refers to not applicable.

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