Students: Loans
(asked on 19th January 2023) - View Source
Question to the Department for Education:
To ask the Secretary of State for Education, what the average student maintenance loan granted to students outside of London was in each year since 2012.
This data is not routinely held by the Department, the Student Loans Company (SLC) have provided the figures below. The data supplied outlines the number and proportion of students who received the minimum or maximum student maintenance loan whilst studying in or outside London by academic year, and the average maintenance loan whilst studying in or outside London by academic year.
The proportion of all students in London who received the minimum student maintenance loan for each year since 2012 for which figures are available:
Academic year | Number | Proportion |
2012/13 | 32,383 | 25.6% |
2013/14 | 36,670 | 25.5% |
2014/15 | 33,023 | 23.9% |
2015/16 | 36,559 | 26.3% |
2016/17 | 34,223 | 24.9% |
2017/18 | 34,863 | 25.2% |
2018/19 | 33,390 | 24.3% |
2019/20 | 30,867 | 22.4% |
2020/21 | 32,487 | 20.5% |
2021/22 | 36,998 | 21.3% |
The proportion of all students outside London who received the minimum student maintenance loan for every year since 2012 for which figures are available:
Academic year | Number | Proportion |
2012/13 | 233,055 | 35.6% |
2013/14 | 228,633 | 34.2% |
2014/15 | 224,613 | 33.3% |
2015/16 | 232,187 | 33.2% |
2016/17 | 247,639 | 34.6% |
2017/18 | 257,625 | 35.7% |
2018/19 | 263,452 | 37.1% |
2019/20 | 260,458 | 37.0% |
2020/21 | 204,987 | 27.8% |
2021/22 | 287,686 | 38.6% |
The proportion of all students in London who received the maximum student maintenance loan for every year since 2012 for which figures are available:
Academic year | Number | Proportion |
2012/13 | 84,897 | 67.1% |
2013/14 | 95,854 | 66.7% |
2014/15 | 92,211 | 66.8% |
2015/16 | 90,259 | 64.9% |
2016/17 | 86,033 | 62.6% |
2017/18 | 82,623 | 59.7% |
2018/19 | 79,365 | 57.8% |
2019/20 | 82,182 | 59.6% |
2020/21 | 98,120 | 61.9% |
2021/22 | 108,121 | 62.3% |
The number of and what proportion of students received the maximum student maintenance loan outside of London in each year since 2012:
Academic year | Number | Proportion |
2012/13 | 370,426 | 56.6% |
2013/14 | 377,570 | 56.4% |
2014/15 | 377,480 | 55.9% |
2015/16 | 388,025 | 55.5% |
2016/17 | 354,804 | 49.6% |
2017/18 | 319,998 | 44.4% |
2018/19 | 279,364 | 39.4% |
2019/20 | 267,581 | 38.0% |
2020/21 | 278,396 | 37.8% |
2021/22 | 279,497 | 37.5% |
The average student maintenance loan granted to students in London in each year since 2012:
Academic Year | Average Award (£) |
2012/13 | 6,025 |
2013/14 | 6,166 |
2014/15 | 6,291 |
2015/16 | 6,548 |
2016/17 | 7,252 |
2017/18 | 8,051 |
2018/19 | 8,824 |
2019/20 | 9,461 |
2020/21 | 9,998 |
2021/22 | 10,262 |
The average student maintenance loan granted to students outside of London in each year since 2012:
Academic Year | Average Award (£) |
2012/13 | 4,194 |
2013/14 | 4,268 |
2014/15 | 4,388 |
2015/16 | 4,540 |
2016/17 | 4,967 |
2017/18 | 5,472 |
2018/19 | 5,951 |
2019/20 | 6,329 |
2020/21 | 6,568 |
2021/22 | 6,696 |
The data in the tables above only includes full-time undergraduate students, as the minimum or maximum maintenance loan amounts differ for part-time undergraduate students.
The above figures are for students who are living elsewhere from their parental home only. For students living at their parental home, the amount of loan awarded is the same, whether in London or outside London.
For students starting study in 2016/17, an enhanced Maintenance Loan replaced the Maintenance Grant. If a customer is in receipt of a Maintenance Grant (pre 2016/17), the loan is reduced by 50p for every £1 of grant. When calculating the Level of Award, 50% of any Maintenance Grant was added to the remaining loan amount for the purposes of this report.
Students who have been awarded a loan for living costs for the 2022/23 academic year that is lower than the maximum, and whose household income for the tax year 2022-23 has dropped by at least 15% compared to the income provided for their original assessment, can apply for their entitlement to be reassessed.