Table 3: Forecast student loan outlay, repayments, capitalised interest accrued by loan borrowers and cancelled loans, by loan product
Not the latest data
Published
Last updated
Forecast of student loan outlay, repayments, capitalised interest and cancelled loans between 2021-22 and 2026-27 in £ million.
On this page
Data set details
- Theme
- Finance and funding
- Publication
- Student loan forecasts for England
- Release
- Financial year 2021-22
- Release type
- Geographic levels
- National
- Indicators
- Cancelled loans
- Capitalised interest
- Loan outlay
- Filters
- Loan type
- Plan type of loan
- Time period
- 2021-22 to 2026-27
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 | 2185 | 425 | 20 | 202122 | Financial year | National | E92000001 | England |
Plan 1 | Plan 1 loans | Total | z | 2260 | 825 | 30 | 202223 | Financial year | National | E92000001 | England |
Plan 1 | Plan 1 loans | Total | z | 1965 | 935 | 25 | 202324 | Financial year | National | E92000001 | England |
Plan 1 | Plan 1 loans | Total | z | 1645 | 835 | 20 | 202425 | Financial year | National | E92000001 | England |
Plan 1 | Plan 1 loans | Total | z | 1515 | 740 | 30 | 202526 | 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.
- 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.
- Repayment forecasts assume that PAYE obligatory repayments are made in the same year in which the borrower had the income on which they are based. In reality some repayments made through PAYE will be received the following year, particularly repayments based on earnings in the final month of the year.
- Where you see the symbol 'z' this refers to not applicable.
- Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England
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.