The worth of United kingdom student loans offered from inside the a certain academic season might have been expanding season-on-year. To include a sign of how big is great britain pupil financing sector, the value of earnings contingent finance stretched to help you English domiciled student college students throughout the educational season 2016 so you’re able to 2017 try ?several.8 million. Very same shape into academic seasons 2010 to 2011 was ?5.6 million as well as 1995 to 1996 is ?0.eight million. The sooner 1995 in order to 1996 shape are for all United kingdom pupils and not just English domiciled ones.

For the 2016 to help you 2017, approximately 63% of your own full longer loan well worth was at regards to university fees charges, while in 2011 to 2012 it fee are far lower from the 44%, largely highlighting the rise during the university fees costs since the .

Mortgage take-upwards

Never assume all qualified children opt to take out college loans, which have figures regarding the SLC estimating that 87% out of qualified college students grabbed aside earnings contingent maintenance loans during the several months elizabeth several months, 90% regarding eligible students took away money contingent tuition fee funds. Continua a leggere