Where undergraduate borrowers sit on the household-income scale – and where fiscal drag takes them

England. Full- and part-time HE undergraduates assessed on household residual income, grouped by maintenance-loan entitlement, shown as each year's composition (100%). Actuals to 2023/24; 2024/25–2030/31 projected by sliding the 2023/24 distribution up the frozen income bands in line with expected nominal earnings growth. Excludes the £0 and "not stated" groups, which don't move with wages. Toggle to absolute counts with the buttons below.

Source: DfE/SLC Student loan forecasts for England, Table 10 (household residual income), successive releases 2020-21 to 2025-26 (actuals, one year per release). Projection is the author's own – a fiscal-drag model applying ONS ASHE median full-time earnings (actuals to April 2025) and OBR average-earnings forecasts (Nov 2025 / Mar 2026) to the fixed income bands, with the ~2-year assessment lag. Assumes thresholds stay frozen and the declared-income population is held at its 2023/24 level; earnings growth applied uniformly. Not a DfE forecast – DfE does not project these bands.