LadyGracie
As of 2023, the outstanding student loan debt in the United Kingdom reached over 225.85 billion British pounds, with the majority of the debt coming from England at 205.57 billion pounds, with student loan debt in Scotland amounting to 7.56 billion, Wales 8.04 billion, and Northern Ireland 4.68 billion.3 Jul 2024
But it's all fairly meaningless. It's a debt on a balance sheet, but what really matters to UK students is how much they have to pay over 30/35 years. For most, it's a graduate tax.
To the government, the important figure is the amount which it receives back from students. For universities, their income matters, especially as the number of overseas students, whose fees are about three times the amount of home students, is being hit by immigration policies.