Question to the Department for Education:

To ask the Secretary of State for Education, what was the repayment forecast for Plan 2 student loan graduates in each of the last five years compared to actual repayments in each of those years.

The actual repayments for plan 2 are published in Figure 14 on this page:

https://www.gov.uk/government/statistics/student-loans-in-england-2024-to-2025/student-loans-in-england-financial-year-2024-25#income-contingent-loan-borrower-repayment-status.

The forecasts for Plan 2 are published here:

2020/21: https://explore-education-statistics.service.gov.uk/data-tables/permalink/537c9923-1dee-4dd7-03b6-08de802d14ab.

2021/22: https://explore-education-statistics.service.gov.uk/data-tables/permalink/72cb044b-3268-42b8-2298-08de802e40a1.

2022/23: https://explore-education-statistics.service.gov.uk/data-tables/permalink/63aca262-3422-41f2-03b4-08de802d14ab.

2023/24: https://explore-education-statistics.service.gov.uk/data-tables/permalink/8be5221a-77a1-4544-2297-08de802e40a1.

2024/25: https://explore-education-statistics.service.gov.uk/data-tables/permalink/8b17045b-d933-4ac1-03af-08de802d14ab.

Forecasts are always likely to deviate from actuals due to uncertainty around many factors. Forecasts are based on the most up to date inputs available. Even looking only a year into the future, factors affecting repayments are likely to deviate from model inputs, especially in times of greater economic uncertainty. Over time, improvements to modelling methodology also affect accuracy of forecasts.