Data set from Student loan forecasts for England

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.


Data set details

Theme
Finance and funding
Publication
Student loan forecasts for England
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

Table showing first 5 rows, from underlying data
plan_typeloan_typeproduct_typeoutlay_£mrepayments_£mcapitalised_interest_£mcancelled_loans_£mtime_periodtime_identifiergeographic_levelcountry_codecountry_name
Plan 1Plan 1 loansTotal0215040595202021Financial yearNationalE92000001England
Plan 1Plan 1 loansTotal0219036050202122Financial yearNationalE92000001England
Plan 1Plan 1 loansTotal0216035055202223Financial yearNationalE92000001England
Plan 1Plan 1 loansTotal0208537060202324Financial yearNationalE92000001England
Plan 1Plan 1 loansTotal0204039065202425Financial yearNationalE92000001England

Variables in this data set

Table showing first 5 of 6 variables
Variable nameVariable description
cancelled_loans_£mCancelled loans
capitalised_interest_£mCapitalised interest
loan_typeLoan type - Filter by loan type
outlay_£mLoan outlay
plan_typePlan type of loan - Filter by plan type

Footnotes

  1. 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.
  2. 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.
  3. 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"
  4. Figures have been rounded to the nearest £5 million.
  5. 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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