Student loans expected to add £16.1bn to future balance sheet

Loan accounting changes could push public borrowing up to £55 billion next year, says IFS

Student loans are set to increase public borrowing by £16.1 billion by 2023-24, according to an analysis by the Institute for Fiscal Studies.

In its Green Budget report published on 8 October, which looks at the challenges facing chancellor Sajid Javid as he works towards his first full budget statement, the IFS estimates that recent accounting changes will mean that student loans make up £16.1bn of public borrowing by 2023-24.