Table 4a: Forecast stock charge, by loan product
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Stock charge in % by loan product
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Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2022-23
- Release type
- Geographic levels
- National
- Indicators
- Stock charge
- Filters
- Loan type
- Plan type of loan
- Time period
- 2022-23
Data set preview
| plan_type | loan_type | time_period | stock_charge | time_identifier | geographic_level | country_code | country_name |
|---|---|---|---|---|---|---|---|
| Plan 1 | Plan 1 loans | 202223 | 47 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education full time | 202223 | 31 | Financial year | National | E92000001 | England |
| Plan 2 | Higher education part time | 202223 | 20 | Financial year | National | E92000001 | England |
| Plan 2 | Advanced Learner loans | 202223 | 44 | Financial year | National | E92000001 | England |
| Plan 3 | Master's loans | 202223 | 0 | 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 |
| stock_charge | Stock charge |
Footnotes
- Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
- Figures have been rounded to the nearest 1%.
- Where you see the symbol 'z' this refers to not applicable.
- 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.
- 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%. See the quality and methodology information 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 -9% for the master's stock charge in 2022-23.
- 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
- 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
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