Student Loans Contents

Appendix 1: Graduate earnings profile methodology

Nominal pay growth for all examples is assumed to rise at an annual rate of 4.3 per cent, consistent with long-term economic determinants used in the OBR’s 2017 Fiscal Sustainability Report.

RPI is assumed to be 3.0 per cent, consistent with long-term economic determinants used in the OBR’s 2016 Fiscal Sustainability Report.

Civil servants: pay progression consistent with in a typical Whitehall government department for a fast-stream graduate entrant. Thereafter, promotion to Grade 6 and SCS1 is assumed.

Teachers: pay consistent with steady career progression and acquisition of growing professional and leadership responsibilities.

Magic circle law firm:

Accountant:

Average earnings:





15 February 2018