Data set from Student loan forecasts for England

Table 4a: Forecast stock charge, by loan product

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Stock charge in % by loan product

Data set details

Finance and funding
Student loan forecasts for England
Release type
Geographic levels
  • Stock charge
  • Loan type
  • Plan type of loan
Time period

Data set preview

Table showing first 5 rows, from underlying data
Plan 1Plan 1 loans20222347Financial yearNationalE92000001England
Plan 2Higher education full time20222331Financial yearNationalE92000001England
Plan 2Higher education part time20222320Financial yearNationalE92000001England
Plan 2Advanced Learner loans20222344Financial yearNationalE92000001England
Plan 3Master's loans2022230Financial yearNationalE92000001England

Variables in this data set

Table showing all 3 variables
Variable nameVariable description
loan_typeLoan type - Filter by loan type
plan_typePlan type of loan - Filter by plan type
stock_chargeStock charge


  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. Figures have been rounded to the nearest 1%.
  3. Where you see the symbol 'z' this refers to not applicable.
  4. 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.
  5. 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.
  6. 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: Sale 2:
  7. A summary timeline of introduction of different plan types is available in table 1.1 in the Methodology.

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