This calculator produces rough estimates of the costs and distributional consequences of different reforms to the student loans system in England. All numbers are reported for a single entry cohort of students (the default is the 2022 entry cohort). The default system is the system that will apply to the 2022 cohort (some parameters are deflated to reflect nominal freezes).
Change the parameters of the system on the left-hand side of the page. 'Set to Augar system' sets the parameters to roughly match all suggestions of the Augar Review of Post-18 Education. 'Set to February 2022 system' sets the parameters of the system to policy before the most recent round of reforms were announced on 24 February 2022. 'Set to 2023 system' sets the parameters to the system that will apply from the 2023 entry cohort onwards (again some parameters are deflated to reflect nominal freezes). 'Reintroduce maintenance grants' partly replaces maintenance loans with grants as suggested by the Augar Review, but leaves other parameters unchanged. Make sure you press 'Calculate' at the end.
Visualisations of distributional effects can be revealed by clicking on the titles of the horizontal panels on the right.
Last updated: 08 April 2022
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