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@policyengine policyengine bot commented Dec 9, 2025

Summary

Adds student loan repayment calibration targets to the loss function using SLC (Student Loans Company) official statistics for 2024-25.

Changes

Added to tax_benefit.csv:

  • student_loan_repayment: UK total (£5.6bn in 2024-25)
  • student_loan_repayment_england: England (£5.0bn)
  • student_loan_repayment_scotland: Scotland (£0.203bn)
  • student_loan_repayment_wales: Wales (£0.229bn)
  • student_loan_repayment_northern_ireland: Northern Ireland (£0.182bn)

Projected values for 2025-2029 with ~3.5% annual growth to account for borrower growth and wage increases.

Updated loss.py:

Added student loan repayment calculations broken down by country, matching existing patterns for council tax and other regional aggregates.

Data Sources

Notes

  • This implementation calibrates total repayments by country
  • Plan-level breakdown (Plan 1, Plan 2, etc.) could be added in future if needed
  • Current model uses student_loan_repayment variable which includes all plan types

Closes #237

🤖 Generated with Claude Code

Add calibration targets for student loan repayments from SLC 2024-25 statistics:
- UK total repayments: £5.6bn
- England: £5.0bn
- Scotland: £0.203bn
- Wales: £0.229bn
- Northern Ireland: £0.182bn

Includes projected values for 2025-2029 with ~3.5% annual growth.

Sources:
- https://www.gov.uk/government/statistics/student-loans-in-england-2024-to-2025
- https://www.gov.uk/government/statistics/student-loans-in-scotland-2024-to-2025
- https://www.gov.uk/government/statistics/student-loans-in-wales-2024-to-2025
- https://www.gov.uk/government/statistics/student-loans-in-northern-ireland-2024-to-2025

Closes #237

🤖 Generated with [Claude Code](https://claude.com/claude-code)

Co-Authored-By: Claude <noreply@anthropic.com>
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Add student loan repayment calibration targets

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