Student loan outlay forecasts
The DfE student loan outlay model and Advanced Learner Loans model forecast the amount that the Department for Education expects to lend to students taking out loans via the Student Loans Company (SLC).
- Plan 1 loans the loan system for students that started courses before that are eligible for undergraduate student support funding, consisting of fee loans and maintenance loans.
- Plan 2 full-time higher education loans the loan system for students on full-time courses that started since that are eligible for undergraduate student support funding, consisting of fee loans and maintenance loans.
- Plan 2 part-time higher education loans the loan system for students on part-time courses that are eligible for undergraduate student support funding. These first became available in , consisting of a tuition fee loan. Since maintenance loans are also available for some part-time students.
- Advanced Learner Loans a fee loan available to further education learners who meet the eligibility criteria. These were introduced in and are on the Plan 2 repayment system.
- Postgraduate master’s loans loans available to master’s students to help cover fees and living costs. They were introduced in and are on the Plan 3 repayment system.
- Postgraduate de available to d to help cover fees and living costs. They are on the Plan 3 repayment system.
Table 3a and 3b show the student loan outlay forecast by loan product for the financial years 2020-21 to 2025-26.
The following loan products are available:
Total student loan outlay is forecast to increase from ?19.1 billion in 2020-21 to ?22.1 billion in 2025-26, in nominal terms. Continue reading