Table 3: Student loan outlay, repayments, capitalised interest accrued by loan borrowers and cancelled loans, by loan product
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Forecast of student loan outlay, repayments capitalised interest and cancelled loans between 2020-21 and 2025-26 in £ million.
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2020-21
- Release type
- Geographic levels
- National
- Indicators
- Cancelled loans
- Capitalised interest
- Loan outlay
- Filters
- Loan type
- Plan type of loan
- Time period
- 2020-21 to 2025-26
Data set preview
| plan_type | loan_type | product_type | outlay_£m | repayments_£m | capitalised_interest_£m | cancelled_loans_£m | time_period | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | Total | 0 | 2150 | 405 | 95 | 202021 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | Total | 0 | 2190 | 360 | 50 | 202122 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | Total | 0 | 2160 | 350 | 55 | 202223 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | Total | 0 | 2085 | 370 | 60 | 202324 | Financial year | National | E92000001 | England |
| Plan 1 | Plan 1 loans | Total | 0 | 2040 | 390 | 65 | 202425 | Financial year | National | E92000001 | England |
Variables in this data set
| Variable name | Variable description |
|---|---|
| cancelled_loans_£m | Cancelled loans |
| capitalised_interest_£m | Capitalised interest |
| loan_type | Loan type - Filter by loan type |
| outlay_£m | Loan outlay |
| plan_type | Plan type of loan - Filter by plan type |
Footnotes
- No overpayments or refunds are modelled for borrowers that fully repay their loans; it is assumed that all borrowers finish making repayments once their loan balance reaches £0. In reality some borrowers overpay their loans, particularly if making repayments via HMRC, and are entitled to receive refunds.
- Repayment forecasts assume that obligatory repayments are made in the same year in which the borrower had the income on which they are based. In reality HMRC receives repayments made via self assessment forms the following year, and some repayments made through PAYE will be received the following year, particularly repayments based on earnings in the final month of the year.
- 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: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-12-06/HCWS317 Sale 2: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-12-04/HCWS1137"
- Figures have been rounded to the nearest £5 million.
- Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England
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