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Figure 3: Students assessed by SAAS 1 as entitled to loans, 2002-03 to 2007-08
Source: SAAS management information.
1. Student loan entitlement is calculated by SAAS but the Student Loans Company extends the loan. These figures relate to entitlement rather than uptake which may be lower. Prior to 1999/00 students applied for a loan through their institution.
Data for this chart is taken from Table 6.
12. Figure 3 shows that the number of students assessed by SAAS as being entitled to maintenance loans has fallen in each academic year from its peak level of 91,755 students in 2002-2003. The total number of students entitled to loans in academic year 2007-2008 (78,715) is 14.8% lower than in 2002-2003 and 2.8% lower than in 2006-2007. Numbers entitled to the non-income assessed and income assessed loans have decreased in each year since 2002-2003, whereas additional income assessed loan entitlements increased between 2002-2003 and 2004-2005 and then decreased to 16,405 in 2007-2008, a 6.5% decrease since their peak in 2004-2005. Table 6 shows that the overall value of loan authorisations has also fallen since 2002-2003 to £184.3 million in 2007-2008, a decrease of 19.4%.
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