Data set from Student loan forecasts for England

Table 9: Loan balance at Statutory Repayment Due Date (SRDD), loan balance at SRDD in FY2021-22 prices, lifetime repayments in FY2021-22 prices, median years liable to repay, and proportion of loan outlay repaid in real terms of undergraduate borrowers, by lifetime earnings decile

Not the latest data
Published
Last updated

Average loan balance at Statutory Repayment Due Date (SRDD), average loan balance at SRDD in FY2021-22 prices, average lifetime repayments in FY2021-22 prices, median years liable to repay, and proportion of loan outlay repaid in real terms of undergraduate borrowers, by lifetime decile


Data set details

Theme
Finance and funding
Publication
Student loan forecasts for England
Release type
Geographic levels
National
Indicators
  • Average lifetime repayments (in FY21-22 prices)
  • Average loan balance at SRDD (in FY 21-22 prices)
  • Average loan balance at SRDD (nominal)
Filters
  • Lifetime Earnings Decile
Time period
2021/22 to 2023/24

Data set preview

Table showing first 5 rows, from underlying data
lifetime_earnings_decileaverage_loan_balance_at_srdd_nominalaverage_loan_balance_at_srdd_in_fy2122_pricesaverage_lifetime_repayments_in_fy2122_pricesmedian_years_liable_to_repayproportion_of_outlay_repaid_real_termstime_periodtime_identifiergeographic_levelcountry_codecountry_name
Entire cohort4580034700230003070202122Academic yearNationalE92000001England
1445003380031003010202122Academic yearNationalE92000001England
2445003380053003017202122Academic yearNationalE92000001England
3453003440082003025202122Academic yearNationalE92000001England
44590034800121003037202122Academic yearNationalE92000001England

Variables in this data set

Table showing first 5 of 6 variables
Variable nameVariable description
average_lifetime_repayments_in_fy2122_pricesAverage lifetime repayments (in FY21-22 prices)
average_loan_balance_at_srdd_in_fy2122_pricesAverage loan balance at SRDD (in FY 21-22 prices)
average_loan_balance_at_srdd_nominalAverage loan balance at SRDD (nominal)
lifetime_earnings_decileLifetime Earnings Decile - Filter by lifetime earnings decile
median_years_liable_to_repayMedian years liable to repay

Footnotes

  1. Lifetime earnings are considered as all earnings between SRDD and 50 years after SRDD, normalised using average earnings growth indices.
  2. Years liable to repay measures the time between SRDD and either loan write-off or the loan being fully repaid
  3. Values in 2021-22 prices have been calculated using OBR forecasts for RPI.
  4. Where you see the symbol 'z' this refers to not applicable.
  5. Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from August 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
  6. Loan borrowers normally becomes liable to begin repaying a loan at the start of the tax year (6 April) after graduating or otherwise leaving their course, this point is known as their Statutory Repayment Due Date (SRDD). After their SRDD, borrowers are required to make repayments if their income is above the repayment threshold.
  7. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England
  8. Plan 2 figures include full time and part time Plan 2 loans. Similarly Plan 5 figures include full time and part time Plan 5 loans.
  9. Averages are taken over loans (rather than over borrowers)
  10. For higher earnings deciles the Plan 5 figures for 'proportion of outlay repaid in real terms' slightly exceed 100% even though interest is set in line with RPI since the interest is set to RPI on a 1 year lag whereas discounting is based on unlagged RPI.
  11. Monetary figures have been rounded to the nearest £100.

Using this data

  • Download the underlying data as a compressed ZIP file

  • View or create your own tables

    View tables that we have built for you, or create your own tables from open data using our table tool

Download this data using code

Access this data using common programming languages using the URL below.

Example code