The worth of Uk student loans offered for the a certain informative season could have been broadening season-on-year. To provide an indication of how big is the uk scholar financing business, the worth of earnings contingent funds extended so you can English domiciled undergraduate college students from the instructional season 2016 to 2017 try ?twelve.8 million. The equivalent figure towards informative 12 months 2010 in order to 2011 is actually ?5.6 billion and for 1995 so you’re able to 1996 was ?0.seven billion. The earlier 1995 so you’re able to 1996 figure are for everyone United kingdom pupils and not just English domiciled of them.

Property value loans offered

Inside the 2016 so you’re able to 2017, just as much as 63% of complete lengthened financing worthy of was a student in relation to tuition charges, whereas in 2011 so you can 2012 it commission are much lower in the 44%, mainly showing the rise when you look at the university fees costs because .

Loan just take-up

Never assume all qualified people choose to remove student education loans, having data from the SLC estimating that 87% from qualified pupils got away money contingent repairs financing in the period elizabeth period, 90% regarding eligible pupils took out income contingent tuition payment funds. (more…)