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In the 2022/23 financial year, the Resource Accounting and Budgeting (RAB) charge, which is the government subsidy on student loans, was £5.5 billion, or 27% of the £20.0 billion of loans issued that financial year.<\/p>

Of student loans issued in 2023/24, the government is expected to subsidise about £5.6 billion, or:<\/p>