Financial year 2019-20

Student loan forecasts for England

Data guidance

Published 24 September 2020

Description

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Coverage

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File formats and conventions

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Data files

All data files associated with this releases are listed below with guidance on their content. To download any of these files, please visit our data catalogue.

Forecast number of student entrants receiving loans, by loan product

Filename: long_2b.csv
Geographic levels: National
Time period: 2019/20 to 2024/25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
number_borrowers	Number of borrowers
plan_type	Plan type of loan - Filter by plan type

Footnotes

Coverage: Entrant borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Doctoral loans were introduced in August 2018.
Borrowers receiving both fee and maintenance loans for their course are included in both totals.
Master's loans were introduced in August 2016.
Figures have been rounded to the nearest 5,000 borrowers.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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Forecast number of students receiving loans, by loan product

Filename: long_2a.csv
Geographic levels: National
Time period: 2019/20 to 2024/25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
number_borrowers	Number of borrowers
plan_type	Plan type of loan - Filter by plan type

Footnotes

Historic statistics on students receiving loans is published by Student Loans Company in the Student Support for Higher Education in England publication: : https://www.gov.uk/government/statistics/student-support-for-higher-education-in-england-2019
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
The outlay model only forecasts students as receiving loans up to six years after they entered higher education, therefore no Plan 1 outlay is forecast from academic year 2019/20 onwards. However, there are some exceptional cases where students may still be paid a Plan 1 loan later than this, e.g. if they had suspended their studies.
Doctoral loans were introduced in August 2018.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Borrowers receiving both fee and maintenance loans for their course are included in both totals.
Master's loans were introduced in August 2016.
Figures have been rounded to the nearest 5,000 borrowers.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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Forecast percentage of borrowers (2019-20 entrants) expected to fully repay student loans, by loan product

Filename: long_5.csv
Geographic levels: National
Time period: 2019/20
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
percentage	Percentage
plan_type	Plan type of loan - Filter by plan type

Footnotes

Figures have been rounded to the nearest 5%.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Master's loans were introduced in August 2016.
Includes all borrowers that repay their loan balance in full during their repayment term without any part of it being cancelled.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.
Loan borrowers are assumed to not take out any further loans of the same plan type beyond their current course, but may have a loan of the same plan type from a previous course.

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Historical and forecast number of full-time higher education undergraduate course entrants, by domicile

Filename: long_9b.csv
Geographic levels: National
Time period: 2014/15 to 2024/25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
actual_forecast	Actual or Forecast value - Filter by Actual or Forecast values
category	Population type - Filter by population type
domicile	Domicile - Filter by domicile
entrants	Number of entrants

Footnotes

Although 2018/19 entrants are outturn, 2018/19 eligible loan entrants are partially forecast based on historic proportions of entrants eligible for tuition fee loans.
Coverage: Full-time undergraduate entrants to higher education institutions (HEIs) and former designated alternative providers (APs) registered as Approved (fee cap) in the OfS registration, by domicile.
Eligible loan entrants include all full-time undergraduate entrants eligible for tuition fee loans, age 17 and above.
Figures have been rounded to the closest 1,000 students.
Undergraduate entrants to further education colleges (FECs), former non-designated APs and providers registered as Approved in the OfS registration are excluded. The included entrants account for the majority of undergraduate entrants.
Since 2017/18, nursing, midwifery and allied health profession (AHP) entrants have been part of the main student support system, making them eligible to receive tuition fee loans.

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Historical and forecast percentage change (relative to previous academic year) of full-time higher education undergraduate course entrants, by domicile

Filename: long_9a.csv
Geographic levels: National
Time period: 2014/15 to 2024/25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
actual_forecast	Actual or Forecast value - Filter by Actual or Forecast values
category	Population type - Filter by population type
domicile	Domicile - Filter by domicile
pc_change	Percentage change

Footnotes

Coverage: Full-time undergraduate entrants to higher education institutions (HEIs) and former designated alternative providers (APs) registered as Approved (fee cap) in the OfS registration, by domicile.
Growth rates are rounded to the nearest decimal point.

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Historical student loan outlay and forecast student loan outlay, by loan product

Filename: long_1.csv
Geographic levels: National
Time period: 2012-13 to 2024-25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
actual_forecast	Actual or Forecast value - Filter by Actual or Forecast values
GBPmillion	£ Million
loan_type	Loan type - Filter by loan type
plan_type	Plan type of loan - Filter by plan type

Footnotes

Doctoral loans were introduced in August 2018.
The outlay model only forecasts students as receiving loans up to six years after they entered higher education, therefore no Plan 1 outlay is forecast from academic year 2019/20 onwards. However, there are some exceptional cases where students may still be paid a Plan 1 loan later than this, e.g. if they had suspended their studies.
Master's loans were introduced in August 2016.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Forecasts have been rounded to the nearest £5 million.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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Number of student loan borrowers liable to repay and number earning above repayment threshold, by loan product

Filename: long_6.csv
Geographic levels: National
Time period: 2019-20 to 2024-25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
borrowers_or_threshold	Number of borrowers or Repayment threshold - Filter between number of borrowers or repayment threshold
loan_type	Loan type - Filter by loan type
number_borrowers	Number of borrowers
plan_type	Plan type of loan - Filter by plan type
threshold	Repayment threshold

Footnotes

Repayment thresholds are presented as multiples of £5 in line with the policy for calculating them.
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
Repayment thresholds have already been set up to 2019-20 for Plan 1 and Plan 2, and up to 2020-21 for Plan 3. Beyond this the Plan 1 threshold is assumed to increase based on RPI and the Plan 2 threshold based on average earnings growth, in line with the current policies. The Plan 3 threshold will be reviewed for 2021-22, so to enable future repayments to be forecast, for modelling purposes it is assumed that it will also increase in line with average earnings growth.
Only earnings that would be recorded by HMRC are included. This excludes any earnings overseas or earnings that are not declared to HMRC.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Doctoral loans were introduced in August 2018.
Borrowers on part-time courses longer than 4 years may become liable to make repayments before the end of their course. However they are assumed to earn below the repayment threshold until the April after their course end date, even if they become liable to make repayments before this point.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
The first Plan 2 borrowers became liable to make repayments in 2016-17. The earliest master's loan borrowers will become liable to make repayments in 2019-20 and doctoral loan borrowers in 2020-21.
Borrowers with more than one loan product will be recorded against each one separately if they are liable to make repayments against more than one.
Master's loans were introduced in August 2016.
Figures have been rounded to the nearest 5,000 borrowers.
Earnings are forecast as equivalent annual earnings. As such figures include borrowers who would be earning above the repayment threshold for only part of the year and make a repayment as a result.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.
Earnings on entry into the labour market are expected to be lower than those mid-career, this will impact the number of borrowers earning above the repayment threshold for plans where the earliest borrowers have only recently become liable to make repayments.

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Projected long-term student loan outlay, repayments, capitalised interest, cancelled loans, nominal face value and real terms face value of ICR student loans, by loan product

Filename: long_8.csv
Geographic levels: National
Time period: 2019-20 to 2069-70
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
GBPbillion	£ Billion
interest_rate	Interest rate of the loan book
loan_type	Loan type - Filter by loan type
payment_type	Payment type - Filter by payment type
plan_type	Plan type of loan - Filter by plan type

Footnotes

Interest rates are presented as weighted averages, where borrowers with larger loan balances have higher weightings. For Plan 2 interest rates may vary between RPI and RPI + 3% depending on income. For Plans 1 and 3 interest rates are not dependent on income.
The outlay model only forecasts students as receiving loans up to six years after they entered higher education, therefore no Plan 1 outlay is forecast from academic year 2019/20 onwards. However, there are some exceptional cases where students may still be paid a Plan 1 loan later than this, e.g. if they had suspended their studies.
Figures have been rounded to the nearest £0.1 billion.
Forecasts up to 2024-25 are consistent with those elsewhere in this publication. Beyond that they have been projected forward using the following assumptions: Average higher education student loan outlay per borrower increases each year in line with forecasts for RPIX from the Office for Budget Responsibility (OBR) March 2020 Economic and Fiscal Outlook; Average Advanced Learner Loan outlay per borrower increases each year in line with forecasts for CPI from the Office for Budget Responsibility (OBR) March 2020 Economic and Fiscal Outlook; Loan borrower entrant numbers vary in line with ONS 2016-based principal population projections, weighted to the age profile of new entrants for each loan product; Future entrants are assumed to have the same distribution of characteristics, loan amounts (uprated by RPIX) and earnings (uprated by OBR average earnings growth forecasts) as the 2024/25 entrants in the DfE student loan repayment and Advanced Learner Loans models; No changes to student loan policies are assumed, other than annually uprating maximum loan amounts, repayment thresholds and interest thresholds as appropriate.
Loan cancellations as a result of a borrower reaching the end of their repayment term are recorded as being at the end of the final financial year in which they were liable to make repayments.
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
Values in 2019-20 prices have been calculated using OBR forecasts for RPI.

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Resource Accounting and Budgeting (RAB) charge by loan product

Filename: long_4b.csv
Geographic levels: National
Time period: 2018-19 to 2024-25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
percentage	RAB charge (percentage)
plan_type	Plan type of loan - Filter by plan type

Footnotes

Figures have been rounded to the nearest 1%.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Doctoral loans were introduced in August 2018.
The decision was made to no longer forecast a RAB charge for Plan 1 loans as there are too few borrowers still receiving these to produce a reliable forecast.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
The RAB charge is the proportion of loan outlay made during the financial year that we expect not to be repaid when future repayments are valued in present terms.
Master's loans were introduced in August 2016.
RAB charges cannot be negative as they measure the level of government subsidy to the student loan system. If 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, the RAB charge is required to use a discount rate. This discount rate is equal to the rate intrinsic to the loan product, which is the rate that sets the RAB charge to 0%. See the methodology document accompanying this publication for further information. Without this rule, the master's RAB charge forecast by the student loan repayment model when using the HMT discount rate is -4% for financial year 2019-20.
Doctoral loans are a new loan product introduced in academic year 2018/19, and are on the same repayment plan as master's loans, which were introduced in 2016/17. The RAB charge is dependent on the proportion of doctoral loan borrowers that also take out master's loans. Doctoral RAB charges are not forecast for individual financial years, as the number of doctoral students with a prior Master's loan balance cannot be reliably estimated. Instead, a "steady state" doctoral RAB charge is provided for financial year 2019-20, which takes into account the expectation that many borrowers will already have a master's loan that they are repaying. The steady state doctoral RAB charge displayed for 2018-19 is taken from the previous student loan forecasts release in June 2019.
2018-19 RAB charges have been provided from the previous release in June 2019. Since the last release, there have been revisions to the data, economic assumptions, policies and modelling methodology used within the student finance forecasting models. These changes will all contribute to varying degrees to any changes across time in our forecasts of figures such as the RAB charge, stock charge and percentage of borrowers expected to fully repay their student loans. This should be considered when comparing the 2018-19 figures to the remaining forecasts.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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Resource Accounting and Budgeting (RAB) charge for Upside and Downside OBR economic Covid scenarios

Filename: long_4d.csv
Geographic levels: National
Time period: 2019-20
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
central	RAB charge (Central scenario)
downside	RAB charge (Downside scenario)
loan_type	Loan type - Filter by loan type
plan_type	Plan type of loan - Filter by plan type
upside	RAB charge (Upside scenario)

Footnotes

Figures have been rounded to the nearest 1%.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
The decision was made to no longer forecast a RAB charge for Plan 1 loans as there are too few borrowers still receiving these to produce a reliable forecast.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
The RAB charge is the proportion of loan outlay made during the financial year that we expect not to be repaid when future repayments are valued in present terms.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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Sensitivity of Resource Accounting and Budgeting (RAB) charges and stock charges to key economic inputs

Filename: long_7a.csv
Geographic levels: National
Time period: 2019/20
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
parameter	Parameter changed - Filter by economic input parameter to vary
percentage	Percentage (current RAB or stock charge)
plan_type	Plan type of loan - Filter by plan type
ppt_diff	Percentage point difference in RAB or stock charge as a result of variation
stock_rab	Stock or RAB charge - Filter by stock charge (for Plan 1 loans) or RAB charge (for Plan 2 loans)
variation	Magnitude of change - Filter by the magnitude of variation applied to each economic input

Footnotes

All changes are assumed to begin in financial year 2019-20.
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
Differences in the impacts between different loan products in the same scenario may be due to differences in the loan policy or differences in the characteristics of the borrowers with each type of loan.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
This table demonstrates how sensitive the RAB and stock charges are to various economic parameters. The size of the impacts presented here only applies to the figures shown and the results are not linear; that is, if the size of the variation was doubled then the impact would not necessarily be double that shown.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.
Figures have been rounded to the nearest 1pp.

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Sensitivity of Resource Accounting and Budgeting (RAB) charges to key policy inputs

Filename: long_7b.csv
Geographic levels: National
Time period: 2019/20
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
parameter	Parameter changed - Filter by policy input parameter to vary
percentage	Percentage (current RAB charge)
plan_type	Plan type of loan - Filter by plan type
ppt_diff	Percentage point difference in RAB or charge as a result of variation
variation	Magnitude of change - Filter by the magnitude of variation applied to each policy input

Footnotes

Differences in the impacts between different loan products in the same scenario may be due to differences in the loan policy or differences in the characteristics of the borrowers with each type of loan.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Interest rate changes are assumed to begin in financial year 2019-20.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Repayment threshold and repayment rate changes are assumed to begin in 2020-21, since no borrowers affecting the 2019-20 RAB charge will be in repayment until at least April 2020.
This table demonstrates how sensitive the RAB charges are to various policy parameters. The size of the impacts presented here only applies to the figures shown and the results are not linear; that is, if the size of the variation was doubled then the impact would not necessarily be double that shown.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.
In the repayment threshold scenarios the threshold is assumed to be £1,000 lower/higher in 2020-21 (i.e. £25,575 or £27,575 for Plan 2), before growing in line with average earnings growth in subsequent years in line with the current policy.
Figures have been rounded to the nearest 1pp.

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Stock charge by loan product

Filename: long_4a.csv
Geographic levels: National
Time period: 2018-19 to 2019-20
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
percentage	Stock charge (percentage)
plan_type	Plan type of loan - Filter by plan type

Footnotes

Figures have been rounded to the nearest 1%.
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
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Stock charges cannot be negative as they measure the level of government subsidy to the student loan system. If 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, the stock charge is required to use a discount rate. This discount rate is equal to the rate intrinsic to the loan product, which is the rate that sets the stock charge to 0%. See the methodology document accompanying this publication for further information. Without this rule, the master's stock charge forecast by the student loan repayment model when using the HMT discount rate is -3% for financial year 2019-20.
The stock charge is the proportion of the outstanding loan balance at the start of the financial year that we expect not to be repaid when future repayments are valued in present terms.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Master's loans were introduced in August 2016.
2018-19 stock charges have been provided from the previous release in June 2019. Since the last release, there have been revisions to the data, economic assumptions, policies and modelling methodology used within the student finance forecasting models. These changes will all contribute to varying degrees to any changes across time in our forecasts of figures such as the RAB charge, stock charge and percentage of borrowers expected to fully repay their student loans. This should be considered when comparing the 2018-19 figures to the remaining forecasts.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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Student loan outlay, repayments, capitalised interest accrued by loan borrowers and cancelled loans, by loan product

Filename: long_3.csv
Geographic levels: National
Time period: 2019-20 to 2024-25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
GBPmillion	£ Million
loan_type	Loan type - Filter by loan type
payment_type	Payment type - Filter by payment type
plan_type	Plan type of loan - Filter by plan type

Footnotes

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
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 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
Doctoral loans were introduced in August 2018.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
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.
Figures have been rounded to the nearest £5 million.
Master's loans were introduced in August 2016.
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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Transfer proportion by loan product

Filename: long_4c.csv
Geographic levels: National
Time period: 2018-19 to 2024-25
Content: ---

Variable names and descriptions

Variable names and descriptions for this file are provided below:

Variable name	Variable description
loan_type	Loan type - Filter by loan type
percentage	Transfer proportion (percentage)
plan_type	Plan type of loan - Filter by plan type

Footnotes

Figures have been rounded to the nearest 1%.
Plan 2 loans were introduced in place of Plan 1 loans for new entrants to higher education from September 2012. Part-time higher education fee loans were introduced at the same time and part-time maintenance loans were introduced in August 2018.
2018-19 transfer proportions have been provided using the model configuration from the previous release in June 2019 (though transfer proportion figures were not published in the June 2019 release). Since this time, there have been revisions to the data, economic assumptions, policies and modelling methodology used within the student finance forecasting models. This should be considered when comparing the 2018-19 figures to the remaining forecasts.
Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
Master's loans were introduced in August 2016.
The transfer proportion is the portion of student loan outlay earmarked as government expenditure at loan inception in recognition that this portion of the outlay is unlikely to be repaid. See details of the partitioned loan approach for further information: https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/methodologies/studentloansinthepublicsectorfinancesamethodologicalguide#partitioned-loan-transfer-approach
Advanced Learner Loans were introduced for students aged 24+ on some further education courses in August 2013, and extended to students aged 19-23 in August 2016.

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