- Geographic levels
- Time period
- 2019-20 to 2024-25
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|
- 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.
- 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.
- Master's loans were introduced in August 2016.
- Doctoral loans were introduced in August 2018.
- Figures have been rounded to the nearest 5,000 borrowers.
- 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
- 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.
- 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.
- Only earnings that would be recorded by HMRC are included. This excludes any earnings overseas or earnings that are not declared to HMRC.
- 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.
- 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.
- 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.