At the end of February, the government announced the most significant reform to the student loans system in England since at least 2012.

In most of our analysis of education spending, we focus on spending in England to ensure comparability. In this observation, we expand our analysis to show the level and changes to school spending per pupil across the four nations of the UK.

We have constructed a new student finance calculator, based on our detailed analysis of graduate earnings and the student finance system, which allows users to look at the effects of changing any parameter of the system.