Financial Year 2019-20

Student loan forecasts for England

Data guidance

Published

Description

---

Coverage

---

File formats and conventions

---

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 nameVariable description
loan_typeLoan type - Filter by loan type
number_borrowersNumber of borrowers
plan_typePlan type of loan - Filter by plan type
Footnotes
  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.
  2. 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.
  3. Master's loans were introduced in August 2016.
  4. Doctoral loans were introduced in August 2018.
  5. Figures have been rounded to the nearest 5,000 borrowers.
  6. Borrowers receiving both fee and maintenance loans for their course are included in both totals.
  7. Coverage: Entrant borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.

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 nameVariable description
loan_typeLoan type - Filter by loan type
number_borrowersNumber of borrowers
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. 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.
  5. Master's loans were introduced in August 2016.
  6. Doctoral loans were introduced in August 2018.
  7. Figures have been rounded to the nearest 5,000 borrowers.
  8. Borrowers receiving both fee and maintenance loans for their course are included in both totals.
  9. 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

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 nameVariable description
loan_typeLoan type - Filter by loan type
percentagePercentage
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. Master's loans were introduced in August 2016.
  5. Figures have been rounded to the nearest 5%.
  6. Includes all borrowers that repay their loan balance in full during their repayment term without any part of it being cancelled.
  7. 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.

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 nameVariable description
actual_forecastActual or Forecast value - Filter by Actual or Forecast values
categoryPopulation type - Filter by population type
domicileDomicile - Filter by domicile
entrantsNumber of entrants
Footnotes
  1. Figures have been rounded to the closest 1,000 students.
  2. 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.
  3. Eligible loan entrants include all full-time undergraduate entrants eligible for tuition fee loans, age 17 and above.
  4. 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.
  5. 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.
  6. 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.

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 nameVariable description
actual_forecastActual or Forecast value - Filter by Actual or Forecast values
categoryPopulation type - Filter by population type
domicileDomicile - Filter by domicile
pc_changePercentage change
Footnotes
  1. Growth rates are rounded to the nearest decimal point.
  2. 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.

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 nameVariable description
actual_forecastActual or Forecast value - Filter by Actual or Forecast values
GBPmillion£ Million
loan_typeLoan type - Filter by loan type
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. 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.
  5. Master's loans were introduced in August 2016.
  6. Doctoral loans were introduced in August 2018.
  7. Forecasts have been rounded to the nearest £5 million.

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 nameVariable description
borrowers_or_thresholdNumber of borrowers or Repayment threshold - Filter between number of borrowers or repayment threshold
loan_typeLoan type - Filter by loan type
number_borrowersNumber of borrowers
plan_typePlan type of loan - Filter by plan type
thresholdRepayment threshold
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. Master's loans were introduced in August 2016.
  5. Doctoral loans were introduced in August 2018.
  6. Figures have been rounded to the nearest 5,000 borrowers.
  7. Repayment thresholds are presented as multiples of £5 in line with the policy for calculating them.
  8. 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
  9. 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.
  10. 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.
  11. 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.
  12. Only earnings that would be recorded by HMRC are included. This excludes any earnings overseas or earnings that are not declared to HMRC.
  13. 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.
  14. 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.
  15. 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.

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 nameVariable description
GBPbillion£ Billion
interest_rateInterest rate of the loan book
loan_typeLoan type - Filter by loan type
payment_typePayment type - Filter by payment type
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. 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.
  2. 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
  3. Figures have been rounded to the nearest £0.1 billion.
  4. 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.
  5. 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.
  6. Values in 2019-20 prices have been calculated using OBR forecasts for RPI.
  7. 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.

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 nameVariable description
loan_typeLoan type - Filter by loan type
percentageRAB charge (percentage)
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. Master's loans were introduced in August 2016.
  5. Doctoral loans were introduced in August 2018.
  6. Figures have been rounded to the nearest 1%.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.

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 nameVariable description
centralRAB charge (Central scenario)
downsideRAB charge (Downside scenario)
loan_typeLoan type - Filter by loan type
plan_typePlan type of loan - Filter by plan type
upsideRAB charge (Upside scenario)
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. Figures have been rounded to the nearest 1%.
  5. 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.
  6. 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.

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 nameVariable description
loan_typeLoan type - Filter by loan type
parameterParameter changed - Filter by economic input parameter to vary
percentagePercentage (current RAB or stock charge)
plan_typePlan type of loan - Filter by plan type
ppt_diffPercentage point difference in RAB or stock charge as a result of variation
stock_rabStock or RAB charge - Filter by stock charge (for Plan 1 loans) or RAB charge (for Plan 2 loans)
variationMagnitude of change - Filter by the magnitude of variation applied to each economic input
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. 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
  5. 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.
  6. All changes are assumed to begin in financial year 2019-20.
  7. 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.
  8. Figures have been rounded to the nearest 1pp.

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 nameVariable description
loan_typeLoan type - Filter by loan type
parameterParameter changed - Filter by policy input parameter to vary
percentagePercentage (current RAB charge)
plan_typePlan type of loan - Filter by plan type
ppt_diffPercentage point difference in RAB or charge as a result of variation
variationMagnitude of change - Filter by the magnitude of variation applied to each policy input
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. 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.
  5. Interest rate changes are assumed to begin in financial year 2019-20.
  6. 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.
  7. 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.
  8. 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.
  9. Figures have been rounded to the nearest 1pp.

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 nameVariable description
loan_typeLoan type - Filter by loan type
percentageStock charge (percentage)
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. Master's loans were introduced in August 2016.
  5. 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
  6. Figures have been rounded to the nearest 1%.
  7. 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.
  8. 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.
  9. 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.

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 nameVariable description
GBPmillion£ Million
loan_typeLoan type - Filter by loan type
payment_typePayment type - Filter by payment type
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. Master's loans were introduced in August 2016.
  5. Doctoral loans were introduced in August 2018.
  6. Figures have been rounded to the nearest £5 million.
  7. 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.
  8. 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.
  9. 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

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 nameVariable description
loan_typeLoan type - Filter by loan type
percentageTransfer proportion (percentage)
plan_typePlan type of loan - Filter by plan type
Footnotes
  1. Coverage: Borrowers who received loans as English domiciled students studying in the UK or as EU domiciled students studying in England.
  2. 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.
  3. 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.
  4. Master's loans were introduced in August 2016.
  5. Figures have been rounded to the nearest 1%.
  6. 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.
  7. 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