Table 4b: Forecast Resource Accounting and Budgeting (RAB) charge, by loan product
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Forecast Resource Accounting and Budgeting (RAB) charge, by loan product
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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
- 54
- Geographic levels
- National
- Indicators
- RAB charge
- Filters
- Loan type
- Plan type of loan
- Time period
- 2025-26 to 2030-31
Data set preview
| plan_type | loan_type | rab_charge | time_period | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | z | 202526 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 202627 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 202728 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 202829 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | z | 202930 | 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 |
| rab_charge | RAB 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: 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).
- The RAB charge is the proportion of loan outlay made during the year that we expect not to be repaid when future repayments are valued in present terms.
- RAB 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 RAB charge is required to use a discount rate equal to the rate intrinsic to the loan product, which is the rate that sets the RAB charge to 0%. Please see the Methodology document accompanying this publication for further information. Without this rule, the Master’s RAB charge in 2025-26 produced by the student loan repayment model using the HMT discount rate is –7.6%.
- RAB charge is dependent on the proportion of Doctoral loan borrowers also taking out Master's loans. Doctoral RAB charges are not forecast for individual financial years, as the number of doctoral students with a prior Master's loan balance cannot be reliably estimated. However, a steady state Doctoral RAB charge is provided which takes into account the expectation that many borrowers will already have a Master's loan that they are repaying.
- RAB charges have been rounded to the nearest 1%.
- There are too few borrowers receiving Plan 1 loans to reliably produce a forecast for the RAB charge.
- When you see the symbol 'z' this means not applicable. For example, there are no new ALL Plan 2 borrowers modelled after 2025/26.
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If you have a specific enquiry about Table 4b: Forecast Resource Accounting and Budgeting (RAB) charge, by loan product statistics and data:
Higher Education Analysis
Email: he.modelling@education.gov.ukContact name: Tony Carter and Sally Mercer