Table 1: Historical student loan outlay and forecast student loan outlay, by loan product
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Historical student loan outlay and forecast student loan outlay, 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
- Loan outlay
- Filters
- Plan type of loan
- Loan type
- Loan product
- Time period
- 2012-13 to 2028-29
Data set preview
| plan_type | loan_type | loan_product | time_period | loan_outlay_£m | time_identifier | geographic_level | country_code | country_name | actual_forecast |
|---|---|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | Total | 201213 | 5075 | Financial year | National | E92000001 | England | Actual |
| Plan 1 | Plan 1 loans | Fee loan | 201213 | 2430 | Financial year | National | E92000001 | England | Actual |
| Plan 1 | Plan 1 loans | Maintenance loan | 201213 | 2640 | Financial year | National | E92000001 | England | Actual |
| Plan 2 | Total | Total | 201213 | 2070 | Financial year | National | E92000001 | England | Actual |
| Plan 2 | Higher education full time | Total | 201213 | 2040 | Financial year | National | E92000001 | England | Actual |
Variables in this data set
| Variable name | Variable description |
|---|---|
| actual_forecast | Actual or Forecast - Filter by actuals or forecast |
| loan_outlay_£m | Loan outlay |
| loan_product | Loan product - Filter by loan product |
| loan_type | Loan type - Filter by loan type |
| plan_type | Plan type of loan - Filter by plan type |
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.
- 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.
- Financial year 2023-24 outlay figures are actuals as published by the Student Loans Company (<a href="https://www.gov.uk/government/statistics/student-loans-in-england-2023-to-2024">https://www.gov.uk/government/statistics/student-loans-in-england-2023-to-2024</a>) with the exception of Advanced Learner Loans Plan 2 and Plan 5 outlay.
- 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>
- Outlay figures have been rounded to the nearest £5 million.
- Where you see the symbol 'z' this refers to not applicable.
- Where you see ‘low’ this refers to figures which round to 0, but are not 0.
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