Students: Loans
The question
To ask the Secretary of State for Education, what estimate she has made of the net cost to her Department of the student loans system associated with the student loan outlay provided to English Plan 2/Plan 5 undergraduate borrowers in England in (i) 2022/23, (ii) 2023/24, (iii) 2024/25 and (iv) in the future.
Answered by Josh MacAlister
Details of the expected government subsidy in the financial years requested, in respect of student loan outlay when all future forecasted and discounted repayments are accounted for and otherwise known as Resource Accounting and Budgeting charge, can be found below.
2022/23 financial year: https://explore-education-statistics.service.gov.uk/data-tables/permalink/b2347ffa-4373-417c-f41c-08deb23852d3. This data is from table 4.1 in the fuller publication: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2022-23.
2023/24 financial year: https://explore-education-statistics.service.gov.uk/data-tables/permalink/14f870b6-e141-4285-c5a6-08deb20526ae. This data is from table 4.1 in the fuller publication: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2023-24
2024/25 financial year and forecasts: https://explore-education-statistics.service.gov.uk/data-tables/permalink/fae8f4af-58bf-4647-c5a7-08deb20526ae. This data is from table 4.1 in the fuller publication: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2024-25.
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