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Updated student finance rates for 2025-2026 academic year #7030

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merged 5 commits into from
Feb 3, 2025
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Merged

Updated student finance rates for 2025-2026 academic year #7030

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d2b6847
Replaced 2023-2024 with 2024-2025 in content and options
antoni-devlin Jan 9, 2025
c4f6dda
Update 2024-2025 figures to 2025-2026 figures
antoni-devlin Jan 9, 2025
fc549f9
Fixed INCOME_PENALTY_RATIO to contain 2024/25 and 2025/26 values inst…
antoni-devlin Jan 9, 2025
6229344
Fix tests following updated student finance rates
mtaylorgds Jan 17, 2025
418910a
Corrected REDUCED_MAINTENANCE_LOAN_AMOUNTS values for 2025-2026
antoni-devlin Jan 21, 2025
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2 changes: 1 addition & 1 deletion app/flows/student_finance_calculator_flow.rb
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Original file line number Diff line number Diff line change
Expand Up @@ -6,8 +6,8 @@ def define

# Q1
radio :when_does_your_course_start? do
option :"2023-2024"
option :"2024-2025"
option :"2025-2026"

on_response do |response|
self.calculator = SmartAnswer::Calculators::StudentFinanceCalculator.new
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2 changes: 1 addition & 1 deletion app/flows/student_finance_calculator_flow/questions/when_does_your_course_start.erb
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Original file line number Diff line number Diff line change
Expand Up @@ -3,6 +3,6 @@
<% end %>

<% options(
"2023-2024": "Between September 2023 and August 2024",
"2024-2025": "Between September 2024 and August 2025",
"2025-2026": "Between September 2025 and August 2026",
) %>
2 changes: 1 addition & 1 deletion app/flows/student_finance_calculator_flow/start.erb
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Original file line number Diff line number Diff line change
Expand Up @@ -9,8 +9,8 @@
<% govspeak_for :body do %>
This calculator is for students living in England starting a new undergraduate course in academic years:

- 2023 to 2024
- 2024 to 2025
- 2025 to 2026

You'll need to [check if you're eligible for tuition fees and living costs (full support) or tuition fee-only funding before you start](https://www.gov.uk/student-finance/who-qualifies).

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58 changes: 29 additions & 29 deletions lib/smart_answer/calculators/student_finance_calculator.rb
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Expand Up @@ -15,75 +15,75 @@ class StudentFinanceCalculator
:loan_eligibility

LOAN_MAXIMUMS = {
"2023-2024" => {
"at-home" => 8_400,
"away-outside-london" => 9_978,
"away-in-london" => 13_002,
},
"2024-2025" => {
"at-home" => 8_610,
"away-outside-london" => 10_227,
"away-in-london" => 13_348,
},
"2025-2026" => {
"at-home" => 8877,
"away-outside-london" => 10_544,
"away-in-london" => 13_762,
},
}.freeze

REDUCED_MAINTENTANCE_LOAN_AMOUNTS = {
"2023-2024" => {
"at-home" => 1955,
"away-in-london" => 3658,
"away-outside-london" => 2605,
},
"2024-2025" => {
"at-home" => 2_004,
"away-outside-london" => 2_670,
"away-in-london" => 3_749,
},
"2025-2026" => {
"at-home" => 2_396,
"away-in-london" => 3_194,
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"away-outside-london" => 4_485,
},
}.freeze

CHILD_CARE_GRANTS = {
"2023-2024" => {
"one-child" => 188.90,
"more-than-one-child" => 323.85,
},
"2024-2025" => {
"one-child" => 193.62,
"more-than-one-child" => 331.95,
},
"2025-2026" => {
"one-child" => 199.62,
"more-than-one-child" => 342.24,
},
}.freeze

CHILD_CARE_GRANTS_ONE_CHILD_HOUSEHOLD_INCOME = 19_795.23
CHILD_CARE_GRANTS_MORE_THAN_ONE_CHILD_HOUSEHOLD_INCOME = 28_379.39
CHILD_CARE_GRANTS_ONE_CHILD_HOUSEHOLD_INCOME = 20_107.23
CHILD_CARE_GRANTS_MORE_THAN_ONE_CHILD_HOUSEHOLD_INCOME = 28_914.47

PARENTS_LEARNING_ALLOWANCE = {
"2023-2024" => 1_915,
"2024-2025" => 1_963,
"2025-2026" => 2_024,
}.freeze

PARENTS_LEARNING_HOUSEHOLD_INCOME = 18_835.98
PARENTS_LEARNING_HOUSEHOLD_INCOME = 18_957.98

ADULT_DEPENDANT_ALLOWANCE = {
"2023-2024" => 3_354,
"2024-2025" => 3_438,
"2025-2026" => 3_545,
}.freeze

ADULT_DEPENDANT_HOUSEHOLD_INCOME = 15_621.98
ADULT_DEPENDANT_HOUSEHOLD_INCOME = 15_835.98

TUITION_FEE_MAXIMUM = {
"full-time" => 9_250,
"part-time" => 6_935,
}.freeze

LOAN_MINIMUMS = {
"2023-2024" => {
"at-home" => 3_698,
"away-outside-london" => 4_651,
"away-in-london" => 6_485,
},
"2024-2025" => {
"at-home" => 3_790,
"away-outside-london" => 4_767,
"away-in-london" => 6_647,
},
"2025-2026" => {
"at-home" => 3_907,
"away-outside-london" => 4_915,
"away-in-london" => 6_853,
},
}.freeze

INCOME_PENALTY_RATIO = {
Expand All @@ -92,10 +92,10 @@ class StudentFinanceCalculator
"away-outside-london" => 7.01,
"away-in-london" => 6.89,
},
"2024-2025" => {
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"at-home" => 6.91,
"away-outside-london" => 6.84,
"away-in-london" => 6.73,
"2025-2026" => {
"at-home" => 6.71,
"away-outside-london" => 6.64,
"away-in-london" => 6.53,
},
}.freeze

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